In 2016, VC-backed startups raised $100.8bn in about 8300 deals worldwide. How did these companies (the startups and the investors) find each other? The traditional approach is both expensive and inefficient. Our matching platform has been set up to facilitate the overall process.
We love what Sequoia Capital says about Business Plan. The original can be found on their web site, but we are pleased to reproduce it below:
We like business plans that present a lot of information in as few words as possible. The following business plan format, within 15–20 slides, is all that’s needed.
Define the company/business in a single declarative sentence.
Describe the pain of the customer (or the customer’s customer).
Outline how the customer addresses the issue today.
Demonstrate your company’s value proposition to make the customer’s life better.
Show where your product physically sits.
Provide use cases.
Set-up the historical evolution of your category.
Define recent trends that make your solution possible.
Identify/profile the customer you cater to.
Calculate the TAM (top down), SAM (bottoms up) and SOM.
List competitive advantages.
Product line-up (form factor, functionality, features, architecture, intellectual property)
Average account size and/or lifetime value
Sales & distribution model
Founders & Management
Board of Directors/Board of Advisors
A great financial planning template is provided on Harvard Business Online, the web site of Harvard Business School Publishing. Click here to download the Excel template. Or click there to explore other free online tools from Harvard ManageMentor®.
If you need other templates, in particular telecoms specific ones, feel free to contact us.
Thinking about launching a new business? Then there is one book not to be missed:
Entrepreneur’s Tookit: Tools and Techniques to Launch and Grow Your New Business
from Harvard Business School Press. In this book, you will learn the following:
- Self-Diagnosis: Do you have the right stuff to start a business?
- Finding and Evaluating the Opportunity: Is it real and large enough?
- Organizing the Entreprise: Which form is best for you?
- Building a Business Model and Strategy: How they work together
- Writing a Business Plan: The basics
- Financing the Business: Where’s the money?
- Angels and Venture Capitalists: For serious outside equity
- Going Public: Adventures in the capital markets
- Entreprise Growth: The challenge to management
- Keeping the Entrepreneurial Spirit Alive: The ultimate challenge of success
- Harvert Time: Reaping what you have sown
This book is a must read for any new entrepreneur. You can buy it on Amazon.
Last but not least, there is a collection of business tools available on the Harvard Business Essentials companion web site, included a pro-forma financial plan template. Get your own copy!