For years I have been fighting a lonely battle against written business plans.  Recently some of my colleagues at the Smith School of Business published a study that suggested that VCs don’t really care about business plans.  An article about the report is here and a link to a podcast from the researchers is here .  In fact, the study, at least as reported by the NY Times, suggests that business plans are useless!  Now, that’s a tact that I had never taken but one that I think requires a bit of clarification and guidance for entrepreneurs.