Why did business plans fall out of favor

# Why did business plans fall out of favor? # Why did business plans fall out of favor? At least in the startup world, business plans feel incredibly archaic. But applying [[Chesterton’s Fence]] raises the possibility that they were probably useful in the past, and maybe are in other domains. That implied that something changed. Seems to have happened in conjunction with technical planning falling out of style. Were Business plans always worthless? Or are they just relatively less valuable when you can iterate on the core of the business faster? Are there domains where business plans are actually useful? ### Related - [[Good technical planning matters]] - [[Instead of planning not working as well as people in the past thought as a society we’ve become worse at technological planning]] - [[The value of planning is inversely proportional to the cost of experimenting]]  [Web URL for this note](http://notes.benjaminreinhardt.com/Why+did+business+plans+fall+out+of+favor) [Comment on this note](http://via.hypothes.is/http://notes.benjaminreinhardt.com/Why+did+business+plans+fall+out+of+favor)