Am I missing something? What's the point of the tweet other than to elicit a reaction? And then in the replies: 'I CAN'T BELIEVE I ELICITED A REACTION!.
Because it's Paul Graham, who's a very rich and wise venture capitalist, over whose musings people who also want to be very rich and wise venture capitalists someday, must fawn and nod their heads and agree with, as if he has said something very profound.
Is this tweet wise and profound? Obviously not. Is there a kernel of useful information buried in there? Barely. As you said, is the purpose really just to elicit a reaction? Obviously, yes.
These kinds of remarks remind me of people who used to brag about getting good grades despite not doing the reading or homework, as if that's a virtue.
They're not harmless, because plenty of people will take away from this the idea that you don't need to do research on things, in general. Because Paul Graham is very rich and wise and he said so.
It's dumb fortune cookie wisdom, like so many of his wise and profound edgy, contrarian viewpoints.
Actually small business advisors insist that founders do need a detailed business plan. But it's both necessary for founders, people giving advise and everyone involved that it depends on the kind of business. I used to think business plans are old school and overly formal. But it's good to know the correct reason.
I have mentored for SCORE which is small business advising and is pretty old school, but they no longer push for business plans unless the client is looking for
a bank loan.
Instead, the choice of a lean business plan (business model canvas) is also offered or at least talked through. Someone has an idea but isn't sure what to do next. Well a business plan can just be the very essentials (who do you plan to serve and how... what are you planning on actually doing and can you afford to do that)
