No Plan, No Capital, No Model...No Problem
Markus Frind, the founder of PlentyOfFish.com is my new hero (James Hong of Hot or Not is a close second). Marcus spends about two hours a day in his underwear managing a free dating website that gets twelve billion page views a year. He is the only employee, and he only has one server. And by the way, he makes $5-6 million/year with Google ads.
I’ve moderated many panels in my time, and if I had to choose one that entrepeneurs should watch, this is it. If you’re one guy/gal or two guys/gals in a garage, it will push all the right buttons, and you’ll love it. However, if your plan is to raise several million dollars from venture capitalists and then hire five engineers, one vp of biz dev, one CTO, two testers, and a vp of marketing to ship a product in a year, you probably shouldn’t spend your time watching it.
The members of the five-person panel provided many good insights into starting and funding a company today.
Marcus Kazmierczak, vp of engineering, Maya’s Mom
Markus Frind, Founder, PlentyofFish.com
James Hong, Co-Founder, HotorNot.com
Dave Lu, CEO, Fanpop
Karen Northup, CEO and Founder, CoreFino
Watch it and reap!
Here is the MP3 (46722.2K) file.