Are Business Plans Still Necessary?
Both Sides of the Table
NOVEMBER 3, 2009
Many of these businesses were what First Round Capital called FNACs (features, not companies – this acronym has always stuck with me). Usually in a tech / software startup 70-80% of your costs will be people. Each quarter you should review your model. Cisco and others went out to fill out their Web 2.0 portfolios.
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