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This is a win. Here's the TLDR:
I'm helping a software startup secure $100M in SEED funding (we can talk about how a seed stage gets so big, but let's just say the business model warrants it). However, the financier needed a business plan for their banking compliance.
Business plans are completely useless in startups. Things change too fast. But due diligence is due diligence.
So, writing a business plan for bankers is way different than for an FFA investor. VCs won't read business plans either.
I have no time for this.
So ChatGPT to the rescue.
How did I do it?
Step 1: Prompt ChatGPT everything you know (all background information and plans to date).
Step 2: Prompt ChatGPT to recommend the outline.
Step 3: Adjust the outline and feed it back to ChatGPT.
Step 4: Prompt ChatGPT to write each section at a time.
Step 5: Adjust each section then prompt ChatGPT your changes.
Step 6: Prompt ChatGPT to rewrite as needed.
I even prompted ChatGPT with my financial assumptions, and it did my projections! Well, at least a version of it. But projections for a startup are just assumptions anyway.
Did I cheat? Probably, but it depends on your perspective. Hey, a win is a win in this situation. Give it a shot if you're in this situation.
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