Splash Keynotes

5

Matt Coffin: What is a failed business model?

Founder of LowerMyBills give his lessons learned about building a business

Innovation series by Bambi Francisco Roizen
September 10, 2012 | Comments
Short URL: http://vator.tv/n/29b4

Matt Coffin, founder and president of LowerMyBills.com, which sold for $330 million in 2005 to Experian, shared his lessons learned at Splash LA 2012. In addition to founding LowerMyBills.com, Coffin was a member of the Board of Directors for Business.com and has invested in start-ups such as Demand Media, Docstoc, Machinima ShowDazzle and Ecomom.

Watch Coffin's pithy and inspiring presentation about building a business. One lesson that stands out is if you have more than one revenue stream, that's a failed business model. 

Also read Krystal Peak's write-up of Coffin's speech: LowerMyBills founder: Raising money is like dating.

Vator Splash is one of the few events that focuses on bringing seasoned entrepreneurs to the stage to share their lessons about building their business from the ground up. Among other speakers at Splash include, Peter Thiel (co-founder of PayPal, first outside money into Facebook), Mark Pincus (founder of Zynga), Tony Hsieh (CEO fo Zappos), Dick Costolo (CEO of Twitter) and many, many more.

If you want to check out the next Splash, register here for Splash SF on Sept. 27 at Cafe du Nord. 


Related news


blog comments powered by Disqus

Featured Stories

Other episodes of this series

Brian Lee, Jessica Alba call beauty...

14863

Splash Keynotes

by Steven Loeb
Honest Company founders blame the beauty industry for perpetuating cancer via their products

Michael Heyward on how Whisper differs from...

14719

Splash Keynotes

by Steven Loeb
While the two companies seem to have similar goals, they take different tracks to get there

The Honest Company's IPO rationale: To...

14716

Splash Keynotes

by Steven Loeb
Co-founder Brian Lee: you have to be large to make an impact, and selling was never an option

Heyward: Whisper is "the safest place on...

14735

Splash Keynotes

by Steven Loeb
Whisper employs 130 full time moderators to ensure that users always feel empowered to share

Why The Honest Company is looking at China,...

14734

Splash Keynotes

by Steven Loeb
Co-founder Brian Lee cites a booming population, plus a lack of trust toward Chinese-made products