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> What YC cares about is how much money they could make is everything goes right, and whether the team is capable of making everything go (close enough to) righ
by ant6n 5y ago
> What YC cares about is how much money they could make is everything goes right, and whether the team is capable of making everything go (close enough to) right over the long term.
Isn't that what a business plan is? In some sense, it's a description of what your cash flow looks like in a couple of years.
- tomhoward 5y agoBy "business plan", he means a multi-page (usually at least 10 pages but often many many more) document with detailed predictions of what the company will do and how they will do it over the long term. That's what he's saying he doesn't ever read. What he does read (or did, when he was still working), is the YC application form response, which is designed to glean the important information in a very succinct format. If he likes what he reads, then he'd have a 5-10 minute conversation with the founders, and decide whether or not to invest based on that. So, yes he wants to know what the founders' general plans are. That's very different from reading or recommending lengthy business plan documents.