Excerpts from a Techcrunch interview:
What I tell founders is not to sweat the business model too much at first. The most important task at first is to build something people want. If you dont do that, it wont matter how clever your business model is.
Of course you have to have a business model eventually. But experience so far suggests that figuring out how to make money from something popular is a lot easier than making something popular.
I get a lot of criticism for telling founders to focus first on making something great, instead of worrying about how to make money. And yet that is exactly what Google did. And Apple, for that matter. Youd think examples like that would be enough to convince people.