Excellent post on Guy Kawasaki's blog, giving a dozen very good tips about business planning for start-ups as a contribution to avoiding yet another bubble. Several of those points apply both for companies that are suitable for VC funding and for companies that are not. Interestingly the author considers a company to be a "VC deal" if it can reach big sales in a matter of 5 years and to Kawasaki that means breaking the 100 million dollar limit within 5 years. I don't know whether this limit has any special meaning for a VC but I can imagine it dramatically simplifies the way they analyse and navigate the world of venturing. Interesting read for a couple of my customers.
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