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No One Wins In Business Plan Competitions

Steve Blank

At best I think business plan competitions are a waste of time. Business Plan Versus Business Models. Where did the idea that startups write business plans come from? A simple way to think about it is that in a startup no business plan survives first contact with customers. There is no alternative.

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Will Your Startup Get Venture Capital or IPO in 2013?

Startup Professionals Musings

The dot.com heydays of free flowing venture capital and supercharged IPOs are not back. The market and venture capitalists are looking for business, but with a continuing focus on proven business models. Follow with a killer executive summary, investor presentation, and financial model. Line up a winning team.

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Can You Trust Any vc's Under 40?

Steve Blank

To do this they have to accomplish five things; 1) get deal flow – via networking and legwork, they identify likely industries, companies and teams with the potential for rapid growth (less than 10 years), 2) evaluate those companies and teams on the basis of technology, market opportunity, and team.

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Seed Stage Funding 101: What it Is & How it Works

The Startup Magazine

During the pre-seed fundraising stage, investors need a viable business plan to base their investments on. The pre-seed funds are typically collected so the business can begin preparing a workable business model that demonstrates the company’s future sustainability.

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Echolocation

Haystack

Now that there are so many new companies started, so much money in the ecosystem, and new types of funds out there, deal velocity is increasing. To find signal in all the noise of that deal flow stream, “who” the source is certainly matters. But, then again, introductions can be a dime a dozen.

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Tale of Two Valleys: LA and the Bay Area from an Investor’s Perspective

Mucker Lab

In Silicon Valley, given how tightly knit the ecosystem has become, and how well-networked entrepreneurs have learned to be, there is almost no such thing as “proprietary” deal flow. The top tier funds see almost all of the best deals.

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Love/Hate Business Plan Competitions

Steve Blank

For those of you who don’t know, business plan competitions are held by universities who get their students to enter and compete to see who has the best business idea. In exchange, these VCs/companies get early looks at new deal flow and offer aspiring entrepreneurs feedback and advice on their business plan.