It's not uncommon for an investor to initially ask for a copy Of the executive
summary or a set of PowerPoint slides featuring an overview of the proposed
business rather than a full business plan. This is normal so don’t be alarmed if it
happens to you. If the investor’s interest is peaked, he or she will ask for more
information. Don’t misinterpret the signals that investors are sending by not
asking for a full business plan. It’s still important to Write one. This sentiment is
affirmed by Brad Feld, a venture capitalist based in Boulder, Colorado, Who wrote:
Wnting a good business plan is hard. At one point it was an entry point for discussion With most funding sources (angels and VCs). Today, while a formal business
plan is less critical to get in the door, the exercise of writing a business plan is
incredibly useful. As an entrepreneur, I was involved in writing numerous business plans. It’s almost always tedious, time consuming, and difficult but resulted
in me having a much better understanding of the business I was trying to create.
It's not uncommon for an investor to initially ask for a copy Of the executive
summary or a set of PowerPoint slides featuring an overview of the proposed
business rather than a full business plan. This is normal so don’t be alarmed if it
happens to you. If the investor’s interest is peaked, he or she will ask for more
information. Don’t misinterpret the signals that investors are sending by not
asking for a full business plan. It’s still important to Write one. This sentiment is
affirmed by Brad Feld, a venture capitalist based in Boulder, Colorado, Who wrote:
Wnting a good business plan is hard. At one point it was an entry point for discussion With most funding sources (angels and VCs). Today, while a formal business
plan is less critical to get in the door, the exercise of writing a business plan is
incredibly useful. As an entrepreneur, I was involved in writing numerous business plans. It’s almost always tedious, time consuming, and difficult but resulted
in me having a much better understanding of the business I was trying to create.
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