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Don't solve cheap problems?

Email|Link By mwelch February 8, 07 03:55 PM

Source: Webware

Speaking at the MIT Enterprise Forum's Brave New Web event this week, Brightcove CEO Jeremy Allaire advised startups not to solve cheap problems. Rafe Needleman reports that Allaire relayed the message that "if you can start a business on your Visa card, somebody else can too, and they can compete with you directly and immediately." Then again, it's easy for a serial entrepreneur like Allaire to raise money. As Needleman points out "Digg launched at a cost of $2,000."