KLPInvestments
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- Jan 22, 2008
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I always felt it was a useless exercise to write up a business plan before starting a company. Well, I found this quote by a Venture Capitalist....
"Business plans are bullshit. You may think they are great but I haven’t seen a VC ever read a business plan or fund a company based off of one. I could be naive, but I think they would rather have you spend your time on launching your company compared to writing a 30-page document"
I tend to agree. Writing a business plan will have no bearing on the success or failure of your company....and may have very little influence on potential angel investors or venture capitalists.
"Business plans are bullshit. You may think they are great but I haven’t seen a VC ever read a business plan or fund a company based off of one. I could be naive, but I think they would rather have you spend your time on launching your company compared to writing a 30-page document"
I tend to agree. Writing a business plan will have no bearing on the success or failure of your company....and may have very little influence on potential angel investors or venture capitalists.
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