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Seems related to Systems vs. Goals. [1] Biz plans and Balance Sheets are more associated with a goal-oriented mindset. PG's decision making obviously aligns m
by rmbyrro 5y ago
Seems related to Systems vs. Goals. [1]
Biz plans and Balance Sheets are more associated with a goal-oriented mindset.
PG's decision making obviously aligns more with a systems thinking. Founders are a major piece of a winning system to him, thus why he puts so much value in a 5-minute talk with them.
[1] https://medium.com/@flaviorump/systems-vs-goals-a67fcd937370 https://medium.com/@flaviorump/systems-vs-goals-a67fcd937370
- doctor_eval 5y agoBalance sheets have nothing to do with goals. They show the financial state of the company. Including liabilities. Business plans are vague, balance sheets are very concrete.
- rmbyrro 5y agoIt's true that Cash Flow and Income Statement is used more often to assess financial goal achievement, but I don't think we can discard Balance Sheets. In my interpretation, "Balance Sheet" is being loosely used in this context for Financial Statements in general.