daily articles for founders

Product > Strategy > Business Model  

Fred Wilson:

One of the mistakes I see entrepreneurs make is they move to business model before locking down strategy. The way I like to think about this is get the product right first, then lock down the strategy of the business, then figure out the business model.

The article makes a good case, but something feels odd or missing. Ah yes, context. From the very first comments on the article:

reece: pre-requisite: investors who are willing to take that path with you.

Fred Wilson: correct

This article may be good advice for funded startups that can wait (potentially for years) to nail down their business model. It's deadly startupicide for first-time entrepreneurs looking to build viable businesses.

Context is everything.

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