I guess if I was in your situation I would feel the same, but from the outside, it seems a bit weird. Apparently you are doing fine without a business plan, so why let a VC force you to use one? What other things will they force you to do that are not really aligned with your preferences and that will only suck away your energy and time?

Isn't there another option: tell the VCs that sure, you can present to them, but that you don't have a business plan?

Creating a business plan just for them would also be an upfront investment on your part. If no deal goes through, you wasted that effort. Why should you be forced to make that upfront investment at this point?

As I said, I know it is easy to talk...