Businessnatomy: The Problem with the Free(ad)mium Business Model

(Source: Damir Perge picture of Ivan Perge, © 2013 entrepreneurdex)

If you've ever worked in Silicon Valley, you quickly learn the power of the freemium business model. This is what I call the primary "West Coast Business Model." The freemium business model mentality has been enormously successful for entrepreneurs in Silicon Valley.

The Silicon Valley Product Mantra is to build a great product, hit market liquidity in terms of having a high number of eyeballs as quickly as you can—and then com...