Identify two key factors that define a founder's ability to build a coalition.
What will be an ideal response?
First, successful founders have extensive networks of friends and associates they can approach when they need support for a particular agenda. Second, founders' benefits from early coalitions are likely to be modest, as founders have to give early partners enough to make it worth their while.
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Answer the following statements true (T) or false (F)
1. Equity financing comes with cash alone but not any other help. 2. Venture capital firms invest in more companies than all other sources of investment all together. 3. Entrepreneurs should ask for more money than they need at all times. 4. Bootstrapping is defined as the process through which entrepreneurs invest resources from investors.
Accountants assume that the dollar's purchasing power is stable
Indicate whether the statement is true or false
Professional networking sites are just as effective and can take the place of in-person meetings.
Answer the following statement true (T) or false (F)
The time value of money implies that a dollar in hand today is worth more than a dollar to be received in the future
Indicate whether the statement is true or false