Antti Akonniemi

I’ve been preaching about importance of business models to everyone near me. I’ve always thought that most of the new startups had bad business models (or none). I still think that, but after Le Web’08 it came clear to me..

In this financial situation you need working business model from the start. You need positive cash flow. During these times you sell businesses, not ideas. Nobody will buy your fancy ideas. Everyone has ideas. It’s the execution that matters.

During the week in Le Web I’ve seen bunch of nice business models. Problem is that most of them need large user base which the startups didn’t have. Nor did they have good enough plan how to get them (being mentioned on Techcrunch is just not enough).

So from now on I’ll preach about importance of working business model. Cash is your fuel. Get it. You need to grab it! No one will bring it to you. Times are changing and it’ll be a hell of a ride!