Elonka wrote:
If you want investors, you have to have a formal written business plan. Which doesn't mean a plan as in "this is what we're planning to do over the next 5 years," but a plan as in, "This is what we think the market can make, this is how much money we want for our company, and this is what kind of return our investors can expect. Do you have that? A written plan, in a language that bankers and VC can understand?

Well, we had the makings of this back when we got started, but in 2001 the idea of a consumer oriented website did the same thing to investors that soap does to water. Rattle and I talked yesterday about putting something together again.

RE: Wired News: Digg has millions in funding