In essence, the president’s plan will create a guaranteed source of startup capital...
Is that necessarily a good thing? I was under the impression the whole "trial-by-fire" of a business plan looking for funding was a valuable testing grounds for the business-to-be.
At which point you've already wasted $10,000 of someone else's money.
There's also the good ol' sunk cost fallacy. The longer you've spent working on your dumb business plan, the less likely you are to change it to a smart business plan.
Is that necessarily a good thing? I was under the impression the whole "trial-by-fire" of a business plan looking for funding was a valuable testing grounds for the business-to-be.