In this episode of Startup Istanbul, we sit down with David S. Rose, a pioneering angel investor and expert in the world of startups. David shares his invaluable insights on the evolution of business plans and how entrepreneurs can effectively navigate this new landscape. He discusses the shift from lengthy, formal documents to lean, dynamic roadmaps that serve as internal guides for founders. David emphasizes the power of adopting a lean business planning approach, utilizing tools like the business model canvas and focusing on critical aspects such as strategy, tactics, and financial projections. He also underscores the importance of aligning your business plan with investors' theses to increase the likelihood of securing funding. Discover how crafting a concise and compelling 10-20 slide pitch deck can make all the difference in convincing investors to say "yes" to your venture. Join us as we dive deep into the world of modern business planning and uncover the secrets to startup success.

#StartupIstanbul #DavidSRose #BusinessPlanning #LeanPlanning #StartupFunding #InvestorPitch #BusinessModelCanvas #AngelInvesting #Entrepreneurship #Startups #PitchDeck #StartupAdvice #StartupTips #StartupSuccess #BusinessStrategy #FundRaising #InvestorRelations #StartupEcosystem #TurkishStartups #startupcommunity

Chapters
00:00 Introduction and Overview
06:32 Angel Investing for the Right Investor
07:07 The Syllabus for Angel Investing
08:06 Developing an Investment Thesis
08:31 Analyzing Companies and Due Diligence
08:58 Finding the Unicorn and Protecting the Downside
09:44 Betting on the Founder and Legal Documentation
10:37 David's Journey as an Angel Investor
12:33 Choosing Angel Investing over Venture Capital
13:51 Advantages and Challenges of Angel Networks
14:09 David's First Angel Investment and Lessons Learned
18:12 Frequently Made Mistakes by Angel Investors
21:22 Angel Investing vs. Venture Capital
27:21 The Importance of Business Plans
33:11 Due Diligence Process in Angel Networks
37:06 Stages of Diligence in Angel Investing
38:07 Difference Between Angels and VCs in Decision-Making
39:32 Speed of Decision-Making in Angel Groups
40:13 Angel Funds as a Solution
41:10 Harnessing the Power of Angel Groups
42:36 Streamlining the Angel Investment Process
44:00 Group Decisions vs. Individual Decisions
44:03 Effectiveness of Different Approaches
44:31 Motivation and Overcoming Challenges
57:36 Emerging Technologies and Angel Investing
01:01:15 Evolution of Accelerator Programs
01:04:36 Motivation and Overcoming Challenges
01:06:20 Continuous Learning and Recommended Books