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The foundation of Craigslist's business model lies in its ability to run operations smoothly while maintaining low overhead costs. The founder expresses satisfaction with the current results achieved by Craigslist, emphasizing a philosophy of frugality that prioritizes sustainability over massive financial returns. Unlike many tech businesses that operate under the pressure of venture capitalism—which often prioritizes rapid growth and high returns on investment—Craigslist benefits from a lack of external investment, allowing it to focus on its mission and community.