No Plan, No Capital, No Model...No Problem [Guy Kawasaki Blog]

If you read my blog, you know Guy Kawasaki is my favorite business writer. He has the unique gift of being a practical, down to earth person AND a brilliant dreamer. Only downside, he's a little bit too much in love with panels :-).
Well in this case it all goes to our advantage as this panel is actually extremely interesting. Here Guy moderates a panel featuring some entrepreneurs that were (are) successful without ever getting a penny from a VC.
Here's what Guy has to say about some of them:

Markus Frind, the founder of PlentyOfFish.com is my new hero (James Hong of Hot or Not is a close second). Marcus spends about two hours a day in his underwear managing a free dating website that gets twelve billion page views a year. He is the only employee, and he only has one server. And by the way, he makes $5-6 million/year with Google ads.

Other participants are Marcus Kazmierczak of Maya’s Mom, Dave Lu of Fanpop and Karen Northup of CoreFino.

Even if Markus Frind's story may be the most wow because of the amount of money this guy is making, my favourite part is the Hot or Not one. The reason why it's revealing is that these people didn't really make money by inventing the dating sites. They actually executed them differently. Mind you, I'm not downplaying the story, on the contrary, this is really revealing because it clearly shows how plain stupid I am when I keep on looking for the great idea.

The video is quite long but believe me, it's really worth it. Enjoy!