Some thoughts of a Machine Learning Practitioner on Software Development, Management, Team Building, Startups, Python, Agile Development, Data visualization... that will distract you from your end goals by making you less efficient but are critical to manage in order to succeed.
Don't forget that long time adaptation to inefficient approaches can become your enemy. Let's try to empower others by sharing knowledge & personal experiences.
Wednesday, July 17, 2013
Bizplan = entrepreneur handcuff for investors
Business plan is an amazing tool to help entrepreneurs clarifying their vision but its used as a risk tool by some investors to reduce their risk, basically its handcuff for entrepreneurs. Many investors (no value investor/only money investors) will use it to reduce their risk. Less values your investors will bring on the table the more they will use your own business plan to hang you and the worst valuation they will give you. Basically, the less value they bring on the table, the more they will try to screw you. Learn to negotiate, stay in a strong position, its like war.