Yesterday I gave a talk with Kam Khare at the Johns Hopkins University/Carey Business School Entrepreneurship Conference; we called it “Business Plans 2.0.”
Kam presentated on the traditional business plan: what it means to be an entrepreneur, to think through a business model and then put structure around those ideas. Kam also spoke about specifics around business plan competitions.
My half of the presentation (slides 10-17) focused on what I call “securing investment.” The way I see it, the landscape for entreprenerus and investors has changed dramatically in the last 15, 10, even 5 years. Venture Capitalists and Angels Investors don’t care about business plans in the traditional sense. Instead they care about “validation” for both you and your idea. During the talk I describe the three steps I see as necessary for securing funding/gaining validation. Also, apologies for having to dash out a bit early, but if you attended yesterday, feel free to follow-up by email with any additional questions, feedback, etc.
I have embedded the presentation below using SlideShare: