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I don't care who founded them, they've just announced that they're closing citing a lack of a viable business model.

That would seem to suggest that they might have thought about revenue a little earlier in the process and I have a feeling that with hindsight Mitch Kapor might agree.

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Funny. Do you have any actual information about how early they tried to find a business model? I suspect you don't.

So, the situation is this: we have a product lots of people want. The naive business model (freemium) won't work -- a simple back-of-the-envelope calculation shows that.

What do you do? Go forward building a very popular product and look for a business model, or quit because you can't think of how to make money from day 1?

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