STARTUPS: What's perhaps one of the first things that the founders of a startup do? They normally get an idea that they think - or presume - will get some traction and then invariably pull together some kind of business plan to push it into the realm of making revenue and, hopefully, profits. To banish that part of the schedule is potentially risky, but equally that policy is what some investors are now pushing. Read more on Forbes.
"Don’t write business plans," warns venture capitalist and angel investor, Dave McClure, of 500 Startups.
Headquartered in Silicon Valley, McClure and many of his colleagues has a pedigree from Facebook and PayPal. His firm employs a "cast a wide net" approach, with a particular focus on emerging markets.
McClure has lots of advice for startups, but argues that it is much easier to start a company today than ever before.
Here he explains why, and what to do about it.
Read more on Forbes
NB:Startups business plan image via Pixabay.