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A comment on How to proceed when you run out of cash, but you still believe?. Parent comment

Re:How to proceed when you run out of cash, but you still be... by toast0 on Wednesday December 04, 2019 @04:20PM (#21707149)
People aren't necessarily asking for a business. They're asking for a business model: a way, maybe untested, maybe lightly tested, that you might earn more than you spend. Just needs to be semi-plausible, doesn't need to be bulletproof.
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Re:How to proceed when you run out of cash, but you still be... by felipap on Wednesday December 04, 2019 @04:53PM (#21707568)
It is not clear at all from the article that they never had a business model. Most likely they had to scratch their original plan at one point.
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Re:How to proceed when you run out of cash, but you still be... by nostrademons on Wednesday December 04, 2019 @04:32PM (#21707313)
If you don't care about whether it's tested this startup had a plausible business model: by coming up with an algorithm to identify fashion taste, fashion e-commerce sites could show more relevant recommendations, which leads to more sales, which leads to more revenue. Then they pay this company some fraction of that additional revenue, and both win.
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