Do Venture Investors Require Business Plans? Q: Do VCs and angel investors really require a complete business plan? I’ve read a great deal of conflicting advice about the value of a business plan with regard to funding. A: (Jason). Well, it sort of matters how you define “complete.” You could probably ask 10 VCs and […]
Question: We’re a profitable bootstrap NOT looking for institutional funding. Periodically we get inquiries from VC associates. Is there any reason we should or shouldn’t talk to them? Assuming they have plenty of deal flow, and we haven’t been introduced, why would they even bother? Our Take: If you are profitable bootstrap company and people […]
Q: We’ve developed a web-based security product whose primary application was intended for the financial industry. Since inception we’ve since began pursuing two other business lines, also based on the software, that can be considered conceptually different from the product we initially brought to market. We’re debating whether we should pursue these product lines under […]
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