Both Sides of the Table

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Are Business Plans Still Necessary?

Both Sides of the Table

There were tons of young entrepreneurs showing their latest Web 2.0 In an era of “launch and learn&# is there a need for a business plan? I have seen really great product people espouse the death of the business plan. I remember going to an Under the Radar conference in 2006 in the heat of the Web 2.0

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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

(In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right. This paralyzes most people.

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What Makes an Entrepreneur (3/11) – Ability to Pivot

Both Sides of the Table

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I also wonder about the entrepreneur who would sign a term sheet that came from somebody they hadn’t gotten to know over time. Great entrepreneurs pivot.

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How Much Should You Raise in Your VC Round? And What is a VC Looking at in Your Model?

Both Sides of the Table

Let me check my plan.” There are many things a VC is looking for in reviewing your business plan but beyond things the like the quality of revenue, margins, OPEX and CAPEX there’s a really simple rule I call, “Cash In, Cash Out, Milestones Achieved.” This is a red flag for VCs. That’s what’s called a “soft no.” Annoying, I know.

Burn Rate 247
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Why Early-Stage VCs Should Be Careful About Intros from Bankers

Both Sides of the Table

Should I trust my instincts for founders and products or should I be more focused on the market size or business plan? Otherwise you’re a stock picker, which in this business isn’t a good thing. Because entrepreneurs often went to lawyers at their earliest stages to get their company registration done.

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The Importance of Proprietary Deal Flow in Early-Stage VC

Both Sides of the Table

Should I trust my instincts for founders and products or should I be more focused on the market size or business plan? Otherwise you’re a stock picker, which in this business isn’t a good thing. Because entrepreneurs often went to lawyers at their earliest stages to get their company registration done.

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Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

There was a lot of consumer internet activity again…resurgence of things, but it was still mysterious, venture capital was still kind of closed, 1st time entrepreneurs had a lot of questions that were unanswered, and there was still some sort of hand waiving around all the financing stuff and so we took it on….”. was starting.