If someone is asking about your monetization strategy, you can't point to another company in the space and say "they did it so we can", you actually should have a strategy.
Not making any money is very different from not having any monetization plan at all.
When asking for money, the most crucial thing to address is how you’re going to produce a return on that money. So many entrepreneurs miss this very basic point.
Investors are not impressed by shiny demos unless if you also show them how you plan to make a profit.
If your USP is no fees, then I doubt anyone wants to touch this.
Airbnb likely had a business plan on how to make money... and they might not have had any profits but they likely had some revenue as soon as they had listings back in '09.
nomadpass|3 years ago
DerArzt|3 years ago
LASR|3 years ago
When asking for money, the most crucial thing to address is how you’re going to produce a return on that money. So many entrepreneurs miss this very basic point.
Investors are not impressed by shiny demos unless if you also show them how you plan to make a profit.
If your USP is no fees, then I doubt anyone wants to touch this.
shagie|3 years ago