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.
I've known and worked with Lary for more than seven years as a business partner, consulting colleague and adviser and have found that Lary's financial skills and creativity result in high quality results for his clients. I am certain that Lary's strong work ethic, client focus and successful track record bode well for future clients just as they have formed the foundation of a long-term and highly valued relationship for me.
Kevin J. Sharps, Director, Financial Services Consulting practice
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