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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. Outline a viable exit strategy for you and investors.

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Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

But, for the rest of us, don’t believe the Silicon Valley myth that all you have to do is sketch your million-dollar idea on the back of a napkin, and investors will line up to give you money. An entrepreneur who can’t manage a plan, probably won’t be able to manage the new business.

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Here Is When Your New Business Needs A Written Plan

Startup Professionals Musings

But, for the rest of us, don’t believe the Silicon Valley myth that all you have to do is sketch your million-dollar idea on the back of a napkin, and investors will line up to give you money. An entrepreneur who can’t manage a plan, probably won’t be able to manage the new business.

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Can You Trust Any vc's Under 40?

Steve Blank

One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. There’s lots of lore, emotion, and misconceptions of what VC’s do or don’t do for entrepreneurs. What this meant for entrepreneurs and VC’s was simple– the gold rush to liquidity was on. What Do VC’s Do?

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How to Raise Startup Funding from Unlikely Angel Investors

Up and Running

I don’t have an MBA and I don’t live in Silicon Valley. Entrepreneurs need to find a way to get traction (sales) without funding. If entrepreneurs are only pitching to angel groups, they’re only pitching to 6% of the active angels, and 0.4% Angel investors come from a variety of ages, backgrounds, and professions.

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Startup Accelerators are Entrepreneur Boot Camps

Startup Professionals Musings

Incubators I hear mentioned most often include YCombinator , led by Paul Graham in Silicon Valley, and TechStars , located in Boston, Boulder, New York City, and Seattle. The incubation period is very short and intense, usually intending to drive entrepreneurs from ideas to marketable products in a matter of months.

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M&A or IPO?

Reid Hoffman

Recently, my fellow Greylock investor Saam Motamedi and I examined the question of how the Covid-19 pandemic has affected venture investing, and what entrepreneurs should do in response. This week, I’d like to turn to the question of how current market conditions affect the approach entrepreneurs should take towards their exit strategy.

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