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Business Plans don’t matter?

financial-graphWow! 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?

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