Low-cost startups: No Plan, No Capital, No Model

There is a recent meme that new technologies are allowing start-ups to commence at a much lower cost than previously, allowing them to stay private and independent and without the need for venture capital until much later in the growth cycle (eg Guy Kawasaki, Marc Andreessen).

In Cash cow or a growing business? Designing a business model I referred to James Hong's post on his business model. Markus Frind commented on Hong's post in an interesting response.

Now, Guy Kawasaki has posted a video of a panel discussion he recently hosted featuring Hong, Frind and 3 others on the topic of No Plan, No Capital, No Model...No Problem. Watch it to find what the next generation of entrepreneurs are doing.