If you are a startup founder, you know the problem with startup planning. Investors require business plans, but your business needs you to be agile. You need to be ready to face any changes in the market, but you should give an idea to your startup co-founders or team what the future would look like.
The best of the founders would embrace the unpredictability of their business and planning for their future. Ben Horowitz, the co-founder of Andreessen Horowitz, a Silicon Valley based Venture Capital firm, says “Planning is valuable, tho the planning is usually useless”. In support of the above mindset, there are a number of VC investors who are not huge fans of elaborate business plans that get too much into details.
While fundraising is important for certain startups, planning is essential for any business to succeed.