I want to say this about the Aral Balkan article, which for some reason keeps getting bandied about. The more I think about it, the more bogus I realize it is.
Aral Balkan is talking a bunch of nonsense in this particular article. "When you take venture capital, it is not a matter of if you’re going to sell your users, you already have. It’s called an exit plan. And no investor will give you venture capital without one" is bullshit. I'm in the tech industry, I've raised money, and Balkan doesn't know what he is talking about when it comes to this subject. Many VCs at the seed stage don't even focus on business models or revenue plans --- they're more interested in how you're going to get users. It's way too early at that stage to obsess over that --- the idea that you must have an exit strategy worked out at the seed stage --- that way of thinking is out of date. It's wrong to suggest that you have to outline an "exit plan" when you raise money at the seed stage, or that all VCs insist on that.