How to write a business plan for an Internet startup?
whyleyc: I wonder if Chad and Steve from YouTube had a business plan, or Craig Newmark, or Steve Jobs ?Don't write a business plan.Instead spend the time you would have spent on the plan putting together a kickass demo, or working on the product.Having been approached, you're operating from a position of strength already. You should work that to your advantage - if you don't need the money then you can afford to negotiate more on your own terms.If some documentation is required put together a Powerpoint of 5-10 slides explaining:- Your product, and why it is unique (and defensible to competition)- Your team's credentials and experience- Your market, it's size- Your competitors (including SWOT analysis)- Your funding requirements (including salary)- Your best and worst case scenarios for growth