Dabble DB Kedrosky VC Lesson: Business Model Required
“Dabble DB is one of the really good Web applications, but it is also one of the few with a nice business model,” so says Wild Apricot, a fellow Canadian Web services company with a business model.
Who says no business planning required for Web 2.0 start-ups then? Paul Infectious Greed Kedrosky congratulated Union Square Ventures on its investment in Twitter just days ago by headlining: “The Twitter lesson: No Business Plans please.”
Today though, he has no such (non) words of wisdom in congratulating his own Ventures West portfolio company, Dabble DB, on its launch of a Facebook application: Dabble Do.
In Extra! Dr. Kedrosky VC Lesson: Business Plan Required, I debunk Kedrosky’s Twitter “lesson” for entrepreneurs, citing his own Ventures West VC firm “investment proposal” pitch to startups, to conclude follow where Kedrosky’s VC money is, not where his Infectious Greed mouth is, for startup funding “lessons.”
In fact, in announcing its funding of Dabble DB a year ago, and the appointment of Venture West principal Kedrosky to Dabble DB’s board, the business model focus of Dabble DB was extolled by Ventures West:
Enterprise 2.0 Company Dabble DB Product Goes Live: Company Receives Venture capital Financing from Ventures West
Dabble DB is an emerging leader in the next generation of enterprise software products often referred to as “Enterprise 2.0”. By taking the consumer/user-friendly techniques and business models found in classic Web 2.0 products and applying them to enterprise software applications, Dabble DB and others are looking to change the way enterprises acquire and consume software. Further, by creating products that can appeal to both small business and large enterprise, Enterprise 2.0 companies have the opportunity to capture markets larger than traditionally available to the big software providers.
What is the Dabble DB business model? For-fee subscription product angle, for one thing.
The VC lesson then that Kedrosky’s Venture’s West really has for startups seeking funding:
A well thought out, structured, and concise business plan is often the most effective method of communicating a business opportunity to external audiences such as suppliers of capital.
YES, and business plan submission required for consideration by Kedrosky’s Ventures West. SEE BELOW
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