You and your cofounders have spent a year building and testing a home wireless system that is easy to install and will integrate media streaming from phones, television, and the Internet. You have tested the product on family and friends and built a prototype. You now need money to build a pilot test, creating 100 systems and placing them in a display at five selected stores. Identify the best source(s) of capital that you and your cofounders should seek (you will need $100,000).
What will be an ideal response?
As an early-stage company, and at the high end for an angel investor, the company could seek capital from this source. Bootstrapping methods (e.g., crowdfunding) are likely to be exhausted at this point.
You might also like to view...
The organization design in which an employee reports to both a country manager and a functional manager is a(n):
A) matrix structure. B) international division structure. C) geographic structure. D) worldwide product division structure. E) regional management center.
To be useful, market segments must be measurable
Indicate whether the statement is true or false
Large software companies often use ____ as they hire people from countries in another part of the world.
A. offshore outsourcing B. near-shore outsourcing C. onshore outsourcing D. virtual outsourcing
When Antoine purchased a doll dream house for his daughter, he mailed in his receipt showing how much he had paid for the toy and the proof of purchase form off the carton in which the dream house came to the manufacturer. In six weeks, he received a check from the manufacturer for five dollars. The manufacturer used a ________ to refund part of the purchase price.
A) cash allowance B) premium C) coupon D) rebate E) price-off pack