Huang: Startup financial forecasts matter far less than core defensibility
Jensen Huang · NVIDIA CEO Jensen Huang · Acquired · Oct 16, 2023 · at 1:17:37
NVIDIA CEO Jensen Huang discusses startup strategy and what founders actually need in a business plan versus traditional financial forecasting.
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“It turns out that making a financial forecast that nobody knows is going to be right or wrong turns out not to be that important. But the important things that a business plan probably could have teased out, I think that the art of writing a business plan ought to be much, much shorter, and it forces you to condense, you know, what is the true problem you're trying to solve? What is the unmet need that you believe will emerge? And what is it that you're going to do that is sufficiently hard that when everybody else finds out is a good idea, then they're not going to swarm it and, you know, make you obsolete.”
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