There more than element of obvious insight in Paul Kedrosky‘s recent post:
“Business plans are overrated. … Why?
… Because VCs are professional nit-pickers. Give them something to find fault with, and they’ll do it with abandon. I generally tell people to come to pitch meetings with less information rather than more. Sure, you’ll get pressed for more, but finesse it.
Presenting a full and detailed plan is, nine times out of ten, a path to a ‘No’ — or at least more time-consuming than having said less.”