Wow! According to a NY Times report, a recent study at the University of Maryland found that business plans really don’t matter!
Their study found that VC’s pay little attention to the business plan and rely upon their instincts, networks and other sources to vet business plans and assess the wisdom of an investment.
I don’t think this tells the whole story, however, so I’ve posted a LinkedIn discussion of this topic. What do you think?
Welcome to Exkalibur. I’m Lary Kirchenbauer, President of Exkalibur Advisors, Inc. Please take advantage of our resources to help you build your business ... and let me know what more we can do to serve you.
Read my latest column from the NY Times affiliate, the North Bay Business Journal.
Lary was an important component in helping us raise our first (over-subscibed) fund at Harbour Group. His doggedness, professionalism, and friendly demeanor helped open doors for what, at the time, was an untested and reasonably new concept. He was a pleasure to work with and remains a friend to this day.
Ralph Lobdell, Chairman, Tripos, Inc.
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