Comments on: Realistic Forecasting http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/?utm_source=rss&utm_medium=rss&utm_campaign=realistic-forecasting Get to know Asia. The Singapore entrepreneurship scene. Thu, 29 Mar 2012 11:52:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Entrepreneur http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/comment-page-1/#comment-72303 Entrepreneur Mon, 05 Nov 2007 16:31:52 +0000 http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/#comment-72303 I agree with BL, VC's do not shoot down business plans based on the financials. The financials is in fact the last thing they look at because any numbers shown, let's face it, are purely theoretical. They are often used by the VC to negotiate terms and set milestones / targets more than anything else. The numbers always change when things get serious. No one ever takes the original numbers at face value. Show me any VC that shoots down a proposal because someone hasn't done their financials with the academic rigour of someone trained in finance, and I'll show you a very unsuccessful VC. I agree with BL, VC’s do not shoot down business plans based on the financials. The financials is in fact the last thing they look at because any numbers shown, let’s face it, are purely theoretical. They are often used by the VC to negotiate terms and set milestones / targets more than anything else.

The numbers always change when things get serious. No one ever takes the original numbers at face value. Show me any VC that shoots down a proposal because someone hasn’t done their financials with the academic rigour of someone trained in finance, and I’ll show you a very unsuccessful VC.

]]> By: BL http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/comment-page-1/#comment-71708 BL Fri, 02 Nov 2007 14:18:34 +0000 http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/#comment-71708 Actually, it is not the financials that the judges are shooting down. In some sense, the financials are reflections of how an entrepreneur think. The problem is that most people in the universities may have realized that 2-3 years are realistic for any business, but they choose to try to circumvent that assumption and hence creating "Enron Financials" as a result of wanting to be different. Actually, it is not the financials that the judges are shooting down. In some sense, the financials are reflections of how an entrepreneur think. The problem is that most people in the universities may have realized that 2-3 years are realistic for any business, but they choose to try to circumvent that assumption and hence creating “Enron Financials” as a result of wanting to be different.

]]> By: Leonard Lin http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/comment-page-1/#comment-71560 Leonard Lin Thu, 01 Nov 2007 17:28:37 +0000 http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/#comment-71560 I believe only a small proportion of entrepreneurs know anything about finance. Of those that do have some finance knowledge, they might not have any entrepreneurial finance experience and will be confused by the different valuation methods employed by VCs (CEQ, RADR, ridiculously high hurdle rates, etc). I think the universities should provide some basic entrepreneurial finance training for their teams going for business plan competitions. It's really sad for a great business plan to get shot down on the financials. I believe only a small proportion of entrepreneurs know anything about finance.

Of those that do have some finance knowledge, they might not have any entrepreneurial finance experience and will be confused by the different valuation methods employed by VCs (CEQ, RADR, ridiculously high hurdle rates, etc).

I think the universities should provide some basic entrepreneurial finance training for their teams going for business plan competitions.

It’s really sad for a great business plan to get shot down on the financials.

]]> By: Gwen http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/comment-page-1/#comment-71524 Gwen Thu, 01 Nov 2007 12:28:37 +0000 http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/#comment-71524 Hi Cal, This is a start: http://thedigitalmovement.wikispaces.com/Web2.0_Singapore If you know of any better consolidated list, please feel free to let us know! Warmest regards, Gwen Hi Cal,

This is a start: http://thedigitalmovement.wikispaces.com/Web2.0_Singapore

If you know of any better consolidated list, please feel free to let us know!

Warmest regards,
Gwen

]]> By: cal http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/comment-page-1/#comment-71517 cal Thu, 01 Nov 2007 10:40:06 +0000 http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/#comment-71517 where can we get a list of local start-ups and with descriptions of their activities? where can we get a list of local start-ups and with descriptions of their activities?

]]> By: encik wan http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/comment-page-1/#comment-71479 encik wan Thu, 01 Nov 2007 02:25:29 +0000 http://sgentrepreneurs.com/entrepreneurship-enterprise/2007/11/01/realistic-forecasting/#comment-71479 Yes, it is a fact a good idea may not produce intended results because of financing issues. Yes, it is a fact a good idea may not produce intended results because of financing issues.

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