How is this guy not contradicting himself? First he says: Convince [me] that you first know who your customer is. Second, make clear that you know how to addre

How is this guy not contradicting himself? First he says: Convince [me] that you first know who your customer is. Second, make clear that you know how to address these customers. Finally, show that these customers will spend their hard-earned cash on your product. [..I]f I don't hear the business case, it all becomes "blah, blah, blah". Then he says: I believe Foursquare is on to something. Sure, it's like Twitter in that it hasn't yet figured out it's business model but I can already see there's money there. Same is the case for Twitter. Give me this feeling when I am listening to your pitch. I don't need to see the break-even point. I need to see the huge exit down the road thereafter.