While most startups do the mandatory business and financial plans, they seldom put much effort in a financing plan. How will the company be funded, what are the milestones for each funding round, how will the capitalization table look after each funding round, and who makes what at the exit? The financing plan is a key part of the whole plan and provides the guiding light as to where the entrepreneur should focus his or her efforts in raising money — a task that takes enough time and that time should not be wasted chasing inappropriate investors for the stage of the company.