OpenRuby.com

22 Oct '12, 3pm

@fredwilson uses an imaginary BitCoin bank as his example in demonstrating creating an effective Business Model Canvas

This is the final post for my Skillshare class on Sustainability . I will not do office hours this evening but I will do one final office hours next Monday, Oct 29th, from 6pm to 6:30pm. The link to attend that office hours is here . For this final post, I want to focus on the Business Model Canvas and how to think about sustainability in the context of creating your business model. In order to talk about that, I went ahead and created a Business Model Canvas of my own using bmfiddle.com . My Business Model Canvas is for a Bitcoin Bank . If you think about banks in the real world, they are high cost affairs, with huge fixed costs including large branch networks. I am always shocked by how many bank branches I pass in a five to six block walk in NYC. The way these banks sustain these high costs is with large fees for depositors and high spreads between their cost of funds a...

Full article: http://www.avc.com/a_vc/2012/10/how-to-be-in-business-for...

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