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Start-ups shouldn’t bother with detailed business plans: Mike Moritz

Start-ups shouldn’t bother with detailed business plans: Mike Moritz

Maybe, but startups should not come into that first meeting with a potential investor with nothing but a nice smile and a firm handshake. The point of a business plan is simply the intellectual exercise of crossing the t’s and dotting the i’s. No investor really believes that it’s a rigid plan, but investors do want to have confidence that you have figured out the moving parts and have a well formed idea of the direction you need to go in. I don’t get detailed business plans for any of the deals we look at, but we do expect to see evidence of detailed planning behind the great teams.

Link: Start-ups shouldn’t bother with detailed business plans: Mike Moritz.

According to BusinessWeek’s Deal Flow blog, Michael Moritz, a general partner at VC firm Sequoia Capital and an early investor in Google, Yahoo! and Cisco, while speaking at the VentureOne conference in San Francisco told a story about Google that demonstrated why VCs always say they invest in entrepreneurs or ideas–and not business plans.As you might know, Google started out thinking it would

Finally organized the laundry in my guest room

So I’ve had a ton of laundry in my guest room for probably more than 6 months, some folded and some not. I felt real depressed these couple of days and I’m not sure why. But Sherry and I decided to fold all the clothes and put them into my closet, only actually took about half an hour.

I feel much better now…

Sherry’s furniture for sale

Hi everybody, I’m moving soon, and I’m trying to sell my furnitures as soon as possible…

1. Loveseat sofa – $60
2. IKEA side tables (2 black &1 baby blue) – $20 each
3. Light wood extendable dining table with 6 chairs – $60
4. IKEA desk – $60
5. Cooking pots – $15
6. Floor lamps – $5 each
7. Full size mattress + box spring + bed frame w/ wheels – $50
8. Twin size mattress + box spring + bed frame w/ wheels – $50

You can find the pics at http://gallery.sherrysun.com/Furniture

Email me at ME AT SherrySun DOT com if you’re interested…
–Sherry