The secret to making money online
Last night I watched David Heinemeier Hansons presentation at Startup School 08 from April. David talked about how to make money online, in particular the conundrum faced by Silicon Valley startups:
- Idea
- ???
- Profit
And the solution used by 37 Signals:
- Idea
- Price
- Profit
His point is that venture capital is stupid. Selling a product for a price has worked for hundreds of years, why should it be any different on the internet? If you have a spare half hour and want to make money on the internet watch it here.
