Gone in 30 seconds: How Venture Capitalists screen your business plan

"The average time that a Venture Capitalist spends analysing a business plan is 22 seconds" – Speaker at the 26th Venture Capital Institute, Atlanta, 2000.

Since this realisation more than 10 years ago I’ve often wondered whether it was entirely fair towards entrepreneurs who spend significant time and resources to develop a comprehensive business plan. But top tier venture capitalists (VC’s) deal with hundreds of business plans a year, and a decision on whether to take the proposal to the next level or to reject it is often made in less than 30 seconds. This is how:

By Keet Van Zyl

Full Story: http://memeburn.com/2011/08/gone-in-30-seconds-how-venture-capitalists-screen-your-business-plan/