Jenny Blumberg:

We’ve been asked before what our business model is, and honestly there isn’t one in place yet. We’re looking into a freemium model. I posted an answer on Quora that goes into more detail here. A business model that relies on targeted advertising doesn’t jive with our culture at Sepia Labs. We’d rather add amazing new features that people would be willing to pay us for, because they enjoy Glassboard so much.With that in mind, we’d love for you to use Glassboard, and with a tear in your eye, trembling lips… utter the words “You complete me.”

Sepia Labs is Brent Simmons new company. Love these guys and their honesty.

Update: The original headline of this story was “No business plan,” when in fact, it should have read “No business model.” Sepia Labs clearly has a business plan.