Truemors: No Business Model, Eh?
0. I wrote 0 business plans for it. The plan is simple: Get a site launched in a few months, see if people like it, and sell ads and sponsorships (or not).
0. I pitched 0 venture capitalists to fund it. Life is simple when you can launch a company with a credit-card level debt.
Sure, it’s okay for startups and Web 2.0 companies to run just because of raw passion for the medium and for the technology. But coming from a venture capitalist himself, it sounds like Truemors was one big (or small?) experiment. I would agree that if an entrepreneur presented a plan without a business model, then most likely Guy the VC would boot that guy out of his office.
And Guy even admitted that it was a stupid idea.
In total, I spent $12,107.09 to launch Truemors. During the dotcom days, entrepreneurs had to raise $5 million to try stupid ideas. Now I’ve proven that you can do it for $12,107.09.
Hey Guy, you can even do it for less!
But then it got me thinking, Guy’s an entrepreneur, and also a capitalist. He’s one of those people who can afford to lose money. As long as he learns from the experience, then he ends up richer in the long term (money and experience wise).
Here’s the bottom line: Whether Truemors succeeds or not, I learned a helluva lot. One thing is for sure: no entrepreneur can tell me that he needs $1 million, four programmers, and six months to launch this kind of company. With products like WordPress, MySQL, and Salesforce platform, things are a whole lot cheaper and easier these days.
Suddenly, Truemors doesn’t sound so silly to me.
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