I was recently put on the spot at a Technology event and asked how much I would charge for assisting a tech startup in preparing a business plan to secure investment funding.
I answered “it depends”.
A cop-out? Not in my opinion. Why?
Because it depends on where you are in the investment cycle.
If you are seeking early stage seed capital then spending hours (and lots of cash on professional fees) on a detailed business plan will probably turn out to be a waste of time because most investment managers or angel investors will be interested solely in:
- the scale of the market opportunity and
- the commitment/enthusiasm/experience of you and your team.
To read the full, original article click on this link: Seeking Seed Funding: 12 tips for early stage startups