People get excited about outliers – companies like Twitter and Facebook – who command a lot of attention and have astronomical valuations. 99.999% of startups are nothing like Twitter and Facebook. If you have great idea, focus on building a real business – with a real revenue model. In this 3 minute video, I discuss why.

If you’re interested in more details about building a financial model, I encourage you to read Mike Samson’s post in the crowdSPRING blog – 10 thoughts for small businesses and startups on financial modeling.

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