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 h

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