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Sunday, April 13, 2008

Another startup lessons from the net.

Very interesting discussion and advices from the founder of the Gridjit site.

I like his discussion on the business model, where he is saying that you may not have all the business model figure out yet.

"So, I’m not saying you have to figure out your business model right away. I certainly don’t have mine completely figured out...What I am saying is that, given the direction things are going, you’ll want to do everything you can to make your business self-sustaining along the way. But only do that if it doesn’t compromise the quality of your product. Embrace constraints, as they say, and deliver a quality product that people want."

I think it also means that you should still give it a shot and figure it out later, if you believe your service is valuable. That's kind of true, Google didn't figure out his real business model until later on.

The key is to make it self-sustaining so you are still ok if it doesn't work out.

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