NVDIA CEO Jensen Huang explains why your startup doesn't need a traditional business plan

I didn't know how to write a business plan, which it turns out is not actually important. No, no, no. 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. What is the true problem you're trying to solve? What is the unmet need that you believe will emerg? What is it that you're going to do that is sufficiently hard that when everybody else finds out it's a good idea, they're not going to swarm it and make you obsolete? And so it has to be sufficiently hard to do? There are a whole bunch of other skills that are involved in just product and positioning and pricing and go to market and all that kind of stuff. But those are skills, and you can learn those things easily. The stuff that is really, really hard is the essence, what I described. I did that, okay. But I had no idea how to write the business plan. And I was fortunate that Wolf Corrigan was so pleased with me and the work that I did. When I was at LSI Logic, he called up Don Valentine and told Don, you know, invest in this kid and he's going to come your way. And so I was, you know, I was set up for success from that moment and got us off the ground.