gapingvoid: "cartoons drawn on the back of business cards"

paul graham on techcrunch

Techcrunch's Marshall Kirkpatrick has a great interview of the highly-respected VC, Paul Graham:

Marshall: You’ve said that having a good business model is not important for startups because the good ones are liable to change models several times anyway. Yet many people believe that the absence of viable business models is one of the primary indications that we’re in a bubble. Do you disagree with that?

Paul: What I tell founders is not to sweat the business model too much at first. The most important task at first is to built something people want. If you don’t do that, it won’t matter how clever your business model is.

Of course you have to have a business model eventually. But experience so far suggests that figuring out how to make money from something popular is a lot easier than making something popular.

Great stuff.

Posted by hugh macleod at September 3, 2006 12:52 PM | TrackBack