Tuesday, March 20, 2012

Why I doubted Facebook could build a billion dollar business, and what I learned from being horribly wrong

It's all about traction. The business model can be discovered. 

"The biggest lesson I took away

The concrete lesson to be learned from this is: In the modern era, business models are a commodity. I never want to hear about people asking, "But what's their business model?" because in a world where you can grow a userbase of 1 billion in a few years, displaying remnant ads and getting a $0.25 CPM will do. Or just throw some freemium model on it, and monetize 1% of them. If you can build the audience, you can build a big business."