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We don't require a detailed business plan: an intelligible project presentation or summary will perfectly do.
Presentation or Executive Summary should provide the following information:
Company Overview
- Briefly define the company/business, its origin, history and progress up to date
Problem Definition
- State the big business/market/technology problem, current or emerging, that you are going to solve
- Explain why this problem implies a large market opportunity
Solution
- Provide a concise statement of your unique solution to the problem
- Describe how the company will generate value providing the solution to the problem
Market Opportunity
- The total size, rate of growth, trends of the targeted market
- The market segments, and addressable market for your product
- The target customers in your particular market segment
Competition
- Analysis of the competitive landscape
- List and describe your competition, direct and indirect, substitute solutions
- Detail your sustainable competitive advantage
Business Model
- Describe how the business is going to make money
- Show the expected cost of customer acquisition and customer life time value
- Describe how you will make your business model scalable and capital efficient
- Explain sales and marketing models
Technology Overview
- Describe the science behind the business
- Explain why the technology is novel and proprietary
- Explain how it will revolutionize existing procedures and processes
Management Team
- Highlight the backgrounds of the key members of the founding team and their relevant experience
- Describe their expertise in your company’s business domain
- Explain why your team is uniquely qualified to win
Milestones and Budget
- Describe what goals the company intends to accomplish as a result of the proposed financing
- Present a timeline required to achieve these milestones, and your plan of how you are going to achieve them
- Present a realistic budget to achieve those goals
Funding Requirements
- Indicate how much you are raising and how long the required financing will last
- Show details of planned use of funds
- List key milestones you plan to hit before the next financing round
Financial Forecast and Metrics
- Show revenue and expense projections for the next 3 years
- Show breakeven and growth assumptions
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