First, the thing that will make many entrepreneurs happy – you don’t need a business plan, when you are looking for venture capital or angel funding.

The best value of any business plan is the process of creating it, not the ending result. It’s valuable for you and your team, not for investor. The value to your team comes from building your mutual understanding and understanding the overall structure & details the same way.

So you don’t need a business plan, then what do you need?

1. access to pitch the right investor, right type of introduction is best
2. really short few words quick pitch
3. elevator pitch
4. deck of selected details
5. several pitching opportunities

Below is a great presentation by Nivi at venturehacks that every entrepreneur should be listening right about…. now!

Related articles by Zemanta

• Five Keys to Raising Venture Capital (dividendsandpreferences.blogspot.com)
• To business plan or not to business plan (vator.tv)
• In the Hunt: Investors Pay Business Plans Little Heed, Study Finds (nytimes.com)

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Tags: Angel_Investors, Business plan, Investor, Venture capital

This entry was posted on Thursday, May 14th, 2009 at 11:41 pm and is filed under resources. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.