..And a typical VC on a typical startup
We all know that things change. Almost all of the eight startups that I am involved (in some capacity) have gone through serious changes in business models. Business models evolve and the ultimately the marketplace determines what works.
VCs know this too. This means that, in most cases the original business model (for which founders are seeking funding) will not be the business model probably a year later. However, it is not easy for the VC (or even the founders) to know what the “real” business model is going to be. If the founders did know the answer to this, they would have presented that to the VCs.
If you want to have a good chance of getting funded, best is to present a team that can not only execute “Plan A” but can also execute any reasonable modification of “Plan A”.
Have a great week ahead.