How much time does it take for a VC to respond to a business plan?
Unfortunately, VCs do not typically review business plans. Instead, they look at a brief summary and then decide if they want to invite you in for a meeting.
And because VCs, particularly the larger ones, receive many hundreds (or even thousands) of business plans each month, most submissions that come in “over the transom” (that is, ones that are blindly sent to their general email address) don’t actually receive a response at all. Ever.
No one on either side of the table likes this state of affairs, but that’s the unfortunate reality.
*original post can be found on Quora @ http://www.quora.com/David-S-Rose/answers *
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This article is intended for informational purposes only, and doesn't constitute tax, accounting, or legal advice. Everyone's situation is different! For advice in light of your unique circumstances, consult a tax advisor, accountant, or lawyer.