It is fitting that YCombinator’s Paul Graham did a feature interview with Michael Arrington’s TechCrunch. The two entrepreneurs have a lot in common: they both are making money by promoting Web 2.0 start-ups lacking business plans.
It is ironic that two financially savvy individuals with solid Web 2.0 business plans of their own are enriching themselves by supporting business plan deficient Web 2.0 start-ups.
Graham reconfirmed to TechCrunch his disdain for start-up business models, as I recount in “Graham on Web 2.0 investing: VCs are no angels”:
“What I tell founders is not to sweat the business model too much at first. The most important task at first is to build 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…”
Read more at ZDNet blog.