Josh Kopelman Partner First Round Capital and former entrepreneur
“As soon as you hit print on the business plan, things change. Competitors emerge. Technologies shift. Regulatory changes [affect] your marketplace. Key employees quit. Macro-economic factors impact customer spending. Shit happens. I'd much rather invest in a founding team that shows an ability to adapt to change than one that claims to accurately predict the future. I believe that teams that are nimble, market-focused, and are willing to rapidly test/iterate/shift their plans are more apt to perceive the signals that the music may be stopping.” Josh Kopelman When the music stops... March 10, 2006; http://redeye.firstround.com/2006/03/as_a_little_kid.html