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This checklist is actually pretty good. But I usually ask them to put together 30-50 page Business Plan with an Executive Summary. If they don't know how I tell them to look online for examples. In one case I pointed them at a local startup incubator that runs workshops for things like this. All this does is add up to a non-trivial (but not onerous and with little cash outlay) investment of THEIR time. And if this small investment of their time is too much work for them ... well, I guess they weren't that serious to begin with.

So far I'm 5 for 5 when asked for a 50/50 partnership (where I do all the dev work and my partner is the 'idea man') and then never hearing again about the idea after I asked they put together this document - all without having to say 'no'. There has not been bitterness on their part, because next steps are on them.

In the off-chance they will actually do this (and it hasn't happened yet), I will take it seriously and really consider it. But even if I decide not to pursue it, I feel like the exercise isn't a waste of their time as they will be able to use it when looking for funding or other partners.



As someone in your spot (solicited by ~10 or so people in the past couple years), this is an interesting response.

On first blush, it seems to set an adversarial tone rather than a collaborative one. On the other hand, it's good due diligence and probably filters out the serious from the not so serious.

I mostly agree with your response. I think the only place where it may not work is when the person wants a thought partner to help think through these things. There isn't always a strict dichotomy of duties in the framing of a venture - I think all partners should be involved in that. Different story when it comes to execution, though.




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