... month or quarter, the head of a new venture will meet with senior management andreport progress against plan.I once sat on the board of a startup that had raised an initial round of funding ... financier. This was the kind of startup the Valley fondly refers to as “Brave New World.”(The other kind is more soberly called “Better-Faster-Cheaper.”) This particular startup envisioned abusiness ... could not be tested, short of actuallystarting the business. Of course, the business at that time was nowhere near the place specified in theplan. Crucial distribution partners were not moving...