The Compost

Term Sheets 101 by Justin Fishner-Wolfson, Founders Fund

Term Sheets 101 by Justin Fishner-Wolfson, Founders Fund

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link: Maybe “Paid” Is the Future of Online Business

In 1988, “Saturday Night Live” aired a parody commercial deriding clumsy business models. “At First CityWide Change Bank, our business is making change,” said actor Jim Downey, portraying a naive “service representative.” After listing various ways in which his company could break a five, he explained how money is made. “The answer is simple: volume.”...

http://gigaom.com/2009/07/03/maybe-paid-is-the-future-of-online-business/