Matt Coffin: What is a failed business model?

Founder of LowerMyBills give his lessons learned about building a business

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.