Re:What to do when an investor asks for your "Business Plan"
by pbhjpbhj on Saturday September 03, 2011 @05:22AM
(#2956949)
>But during Ontela’s seed round, when we pitched probably 100+ angels, it came up more than a few times. //
I'm involved with a small business. When people come asking for a job we asking for a resume/letter of introduction. The vast majority of the time it never comes. This is simply our first filter.
Presumably these companies have a business plan they just don't have a BusinessPlan.pdf. As an investor I'd be pretty keen to know you've looked at the figures and that you understand the basics of accounting before I gave you a wad of cash. It's moot as I don't have a wad of cash but there ya go ...
I'm involved with a small business. When people come asking for a job we asking for a resume/letter of introduction. The vast majority of the time it never comes. This is simply our first filter.
Presumably these companies have a business plan they just don't have a BusinessPlan.pdf. As an investor I'd be pretty keen to know you've looked at the figures and that you understand the basics of accounting before I gave you a wad of cash. It's moot as I don't have a wad of cash but there ya go ...