Unlike Guy, I do see the value of a detailed financial model. I have lived several cases where giving VCs a well thought model that they could play with to look at different scenarios and strategies got them over the hump and ready to invest.

That being said, actual business plans are useless. Very few startups achieve success with their original plan. Writing a big document is useless.

Look forward to hearing more about what you’re cooking up as an alternative.

Mark