Dan Shapiro » What to do when an investor asks you for your business plan

The current view by many people that a business plan is an obsolete document.

Whenever an investor asks you for your business plan, send them the same damn packet you send to everyone else.  In our case, that was a 3-page “executive summary” and a dozen slides giving an overview of the business with some screenshots of the product (it was mobile, and 2006, so there wasn’t any easy way to send them a demo). Don’t apologize and don’t mention the business plan.

via Dan Shapiro » What to do when an investor asks you for your business plan.

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