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He’d wasted a year of his life and had a pile of stockoptions that weren’t very interesting. They’re deep into CustomerDevelopment ,” he said. " In fact, 3 of the 10 selected companies from the past two years has followed this businessmodel. Tesla is not. Here’s why. Your Process Doesn’t Work.
They have many, many man-years of development and customerdevelopment in them. Edwin: Oh sorry, so the businessmodel. Edwin: The businessmodel is that the organizer has to pay. Do you think that’s a good businessmodel? We kept it simple, the businessmodel.
Nosake From nothing to losing money every month with no businessmodel in sight. Everything Seth said is absolutely spot on, except I’d encourage founders to make sure they do some customerdevelopment (even in the consumer space) in parallel to cranking out the first product. How to get there.
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