Why would it be false ? It may be exaggerated (should read "I never use business plan or balance sheet to assess a startup") but not complete bullshit. Startups

Why would it be false ? It may be exaggerated (should read "I never use business plan or balance sheet to assess a startup") but not complete bullshit. Startups are not the same as traditional companies and the due diligence process reflects that. pg's arguments are reasonable in this context: business plans have info that is best discussed with the founders and balance sheets have little data that will be relevant in the future. Like it or not, startups business model is "exponential growth or die".