Reverse engineer. Blogger. Investor. Photographer Hiker. Kayaker.

Tom Tunguz, of Redpoint, on financial planning for startups:

The financial plan is a concise summary of the way a companyis likely to be managed. It’s helpful for the board to help validate the plan compared to other startups’ plans. The plan is also a great way to level set the management team on the plan for the business.

The more detailed the better.