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January 30, 2008


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Thanks for a great post. I agree 100%.

My experience is that there is an inverse relationship between business plan and success in raising VC money. Your chances of securing outside investment actually improves if you do NOT have a business plan.

Instead, all you need is a 15 slide powerpoint presentation but the secret is to create it for a potential customer and not the VC. Then when you present it in front of VCs', just **apologize** that you don't have a special presentation for them and instead you would like for them to see how you would convince your first (and second) customer to buy your product.

I have tried to summarize my own experience in startup in http://www.startupforless.com.



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