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Are Business Plans Still Necessary?

Both Sides of the Table

Many of these businesses were what First Round Capital called FNACs (features, not companies – this acronym has always stuck with me). That died with waterfall software development. Do you really want to spent $100k building a product to discover through Customer Development that the market is too small?

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Group Finance Director

Transformify

Key responsibilities in this role include: Overseeing and sign-off of the financial statements and management accounts; Overseeing the developing the budgeting and forecasting process and contributing to the strategic direction of the business; Overseeing production of the fund accounts and the general administration of the funds; Overseeing the carried (..)

Finance 40
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Death By VC

Venture Chronicles

Throughout my years in the venture capital business I was witness to some questionable behaviors and tactics, which in reality is par for the course in any business, but nothing could have prepared me for what I have seen in the last 2 years. It’s the nuclear scenario.

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Why Co-Founders Are a Startup's Biggest Liability | The Startup Lawyer

thestartuplawyer.com

I think you'll have trouble developing your idea without bringing on people, probably as co-founders. Even if you are able to do so w/o bringing these skill people on, potential investors will likely ding you since you can't implement the idea (even if already 'developed').

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ProfessorVC: The Most Important Venture Capital Statistic

Professor VC

However, as we soon discovered, many of these firms were forced to hoard capital for existing portfolio companies and focus most of their time and energy on deciding which ones deserved these reserves. Some were also dealing with issues of limited partners struggles with capital calls and asset allocations.