What is the advantage of convertible debt?
a. It allows an angel investor to convert his investment to a VC
b. You don’t need to argue about valuations at an early stage
c. It allows investors to convert from A Round financing to B Round financing
d. You can set valuations before your company grows
b. You don’t need to argue about valuations at an early stage
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The cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $5,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
A) $49,000 B) $47,000 C) $51,000 D) $53,000
Cash outflows for interest on line of credit will be shown:
A) on the cash receipts budget. B) in the investing activity section of the cash summary budget. C) on the summary cash budget. D) on the selling and administrative expense budget
Which of the following is most. likely to qualify as a driving force?
A. an increase in the prices of substitute products B. decisions on the part of industry's three biggest competitors not to pursue a strategy of striving to be the industry's low-cost leader C. decisions by one or more outsiders not to attempt to enter the industry D. successful introduction of innovative new products or new ways to market products E. increases in price cutting by rival sellers and the launch of major new advertising campaigns by one or more rivals
Cindy, a head paralegal, regularly posts her accomplishments on Facebook and Twitter. As a result, she probably does experience a small boost in self-esteem
Indicate whether the statement is true or false.