Robin Good: If you feel in a straightjacket, having to create a traditional business plan for your upcoming web-based venture, you may find some comfort in this short article about business plans and startups.
Investor and entrepreneur Brad Feld writes: "As an entrepreneur, I encourage you to reject the notion of a classical business plan from the 1970′s."
From the original article on the Wall Street Journal, Accelerators section: "Today, it’s clear to me that business plans for startup companies are a historical artifact that represented the best approach at the time to define a business for potential investors.
In the past decade, we’ve shifted from a “tell me about it” approach (the business plan) to a “show me” approach (the Lean Startup).
Rather than write long exhaustive documents, entrepreneurs can rapidly prototype their product and get immediate user and market feedback."
Via Robin Good