“Please move slowly and don’t break anything,” says my Jewish mother
In a tech ecosystem that idolizes Facebook (“move fast and break things”) and Y Combinator, the Business Plan Competition feels particularly anachronistic and maybe even damaging to innovation. I couldn’t disagree more.
Virtually all the finalists have working prototypes and traction
To be a contender in the WBPC, real work has to be put into your business to demonstrate traction. My company, VeryApt, a personalized apartment recommendation platform and review community, failed to advance past the initial round in 2013, driving us to create the MVP and execution plan that ultimately led to our third-place finish in the 2014 competition.
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