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Are Business Plans Still Necessary?

Both Sides of the Table

This is part of my ongoing series of posts and I need to file this one under both Raising Venture Capital and Startup Advice. 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. Do so at your peril.

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Startup Funding – A Comprehensive Guide for Entrepreneurs

ReadWriteStart

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. For these businesses, it is imperative to get funding from the start without which the company cannot be set up. Equity investors. Debt investors.

Startup 150
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4 Things I’ve Learned As An Entrepreneur Right Out Of College

Up and Running

Angel investors, venture capital firms, accelerators, and (maybe) the newer equity crowdfunding will look to see if you have previous experience in startups. Go lean with your planning. Finally, in startup culture, few care about your 40-page business plan they made you create in business school.

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Is gust.com a difficult platform to replicate?

Gust

When people would ask a similar question back then about the difficulty of software development, my usual response was “anyone can write a TAP program over a weekend that will work with 80% of the paging systems in the world…but getting it to work on the other 20% will take you a year.”

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Startup Advice: When to Use a Consulting CTO

rapidrollout.wordpress.com

Why Use a Consulting CTO A consulting CTO can help you complete a business plan by estimating costs and timelines for the company’s technology development and deployment. He can help you determine whether to outsource development (locally or overseas) or build an inhouse team. Also try a search on LinkedIn.

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Twitter Link Roundup #157 – Small Business, Social Media, Design, Copywriting, Marketing And More

crowdSPRING Blog

Business Plans Are an Historic Artifact | WSJ – [link]. Micro VC’s and Super Angels Two Years Later – Looking Back and Some Predictions for the Future | Business Insider – [link]. The Series A Crunch: One More Reason to Bootstrap and Skip Venture Capital | Enterprise Irregulars - [link].

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Thoughts on being a startup in Chicago: 3 tips for entrepreneurs

crowdSPRING Blog

Our hurdle was to develop our own network of investors and we did this the old-fashioned way: one degree of separation at a time. For instance, the pool of software developers is not as deep here as it is in Silicon Valley, and finding the right people, with the right skill-set can be daunting.

Chicago 81