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I know several entrepreneurs who could have saved themselves years of work and millions of dollars by just trying to fill out a business model canvas before sta

I know several entrepreneurs who could have saved themselves years of work and millions of dollars by just trying to fill out a business model canvas before starting their business. PG isn't saying that my above statement is false. He is saying that it isn't useful for him when deciding who to invest in.

milesvp 5y ago
Writing a business plan saved me from wasting precious years chasing a dog idea. I once had a meeting with an investor years ago. I had a dream of starting an internet cafe back when broadband was hard to come by. So I spent a couple weeks writing a business plan to show him. In the process I came to realize the idea was a dog. At least, it didn’t align with my interests once I ran the numbers, and realized that charging by the hour to use a medium to high end gaming machine could never scale. You can’t easily over subscribe which meant you had a real limit on the ROI you could get from the machines. Which meant that all the profit was in selling consumables. That’s when I realized I had very little interest in running a profitable eatery, I just wanted to work with the computers.