Raw thoughts from Alex Dong

3 fundamental startup questions

Fred Wilson just posted an interesting paper on startup business models for Bitcoin Bank.  I bolded 3 fundamental questions that each startup should try to answer:

So when you are finalising your Business Model Canvas for your final project for this course, think about what your key value proposition is and who is your primary customer and focus on that. And think about what you can do in your revenue model to make it so that it will be hard for others to come in and undercut you. And think about your cost model and how to keep it as low as possible while allowing your company to be best in class at what it does.

via A VC: How To Be In Business Forever: Week Four).