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Research notes and communications: Characteristics distinguishing funded from unfunded business plans evaluated by venture capitalists
Author(s) -
Macmillan Ian C.,
Narasimha P. N. Subba
Publication year - 1987
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250080607
Subject(s) - business plan , plan (archaeology) , venture capital , norm (philosophy) , business , finance , economics , business administration , management , political science , archaeology , law , history
Business plans that were funded by venture capitalists were compared to unfunded plans. Comparisons on the basis of plan structure, plan organization, and financial projections indicate that plans which deviate too far from the norm of the variables studied tend to go unfunded. Implications for plan preparation are discussed.