Mills Scofield
OCTOBER 3, 2010
What is failure? When things don't go according to plan or expectations, ending up with unexpected and/or undesired outcomes (which we can argue could have been avoidable, or not). The key is ‘undesired' - because if they were desired and not planned or expected, that would still be great! But, as we will see, failure is a terrific way to learn.
Mills Scofield
OCTOBER 2, 2010
As I'm reviewing business plans from college grads I'm mentoring (as an alumnae mentor at Brown Univ ) and from Glengary , the VC firm I'm a partner in, this whole business plan process is getting to me. So much of what I see in biz plans is, pardon the phrase, BS. We all know none of us believe any of the numbers is the proformas, the market growth, etc., so why do we bother with all this stuff when we know it's a joke?
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