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	<title>VeerWest.com &#187; startup</title>
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		<title>Thoughts on Startup School</title>
		<link>http://www.veerwest.com/blog/strategy/thoughts-on-startup-school</link>
		<comments>http://www.veerwest.com/blog/strategy/thoughts-on-startup-school#comments</comments>
		<pubDate>Mon, 21 Apr 2008 21:37:22 +0000</pubDate>
		<dc:creator>Cedric Savarese</dc:creator>
				<category><![CDATA[Strategy]]></category>
		<category><![CDATA[startup]]></category>

		<guid isPermaLink="false">http://www.veerwest.com/blog/uncategorized/thoughts-on-startup-school</guid>
		<description><![CDATA[I talked to quite a few people at the Startup School event this weekend, and I was surprised to find that almost everyone was working on consumer startups with advertisement as a business model. One startup, Noca, is even forfeiting one of the most lucrative revenue models there is (payment processor fees) to bet on [...]]]></description>
			<content:encoded><![CDATA[<p>I talked to quite a few people at the <a href="http://www.startupschool.org">Startup School</a> event this weekend, and I was surprised to find that almost everyone was working on consumer startups with advertisement as a business model. One startup, <a href="http://www.noca.com">Noca</a>, is even forfeiting one of the most lucrative revenue models there is (payment processor fees) to bet on advertising.</p>
<p>I&#8217;m not going to criticize this approach but I honestly thought there would be more young entrepreneurs in the Valley interested in emulating companies like <a href="http://www.salesforce.com">Salesforce</a> or <a href="http://www.37signals.com">37signals</a>.</p>
<p><strong style="font-weight: normal">It is quite ironic that <a href="http://www.37signals.com/svn/posts/981-the-secret-to-making-money-online">David Heinemeier Hansson</a> is seen as <a href="http://www.techcrunch.com/2008/04/19/packed-house-at-y-combinator-startup-school/">going against the grain</a>, when his presentation was packed with nothing but grounded advice and a healthy dose of common sense. What&#8217;s wrong </strong>with the old true and tested way of charging money for your service?</p>
<p>Interestingly, DHH also said that <a href="http://www.backpackit.com/">Backback</a> (37signals&#8217; second app after Basecamp), had to be rebranded and relaunched as a &#8220;business&#8221; application when they realized that the consumer market wasn&#8217;t really profitable.</p>
<p>There was maybe one theme missing from the picture though.  Building a successful business takes time and hard work. A lot of time and a lot of work, so it was great to meet you all, I have to go back to work now.</p>
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