Biz Stone: Life After Twitter - WSJ.com: "...Finally, when Google went public, Mr. Stone was able to pay off all of his debts. He subsequently left the company to start a podcasting venture with Mr. Williams that failed, forcing them to switch gears and form another company that gave rise to Twitter. They started Twitter without a business plan. "Old-school business guys would think this sounds crazy, but it is cart-before-the-horse to build your business model before you've shown your services are valuable to a whole bunch of people," he says. "It's a leap of faith when you start something like this." Instead, Mr. Stone advocates assembling a large user base for a product and worrying about making money later. Still, he admits that this philosophy works best with new-media companies. "If you're starting a bookstore, it's a different thing," he says...." (read more at link above)
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