Imagine that you have a new, tested invention that will require a million dollars in order to produce enough of the product to return a profit. What considerations should you review before approaching a venture capitalist?
What will be an ideal response?
Ideally, the entrepreneur should have some seed money in order to legitimize the venture. One should have the ability to return 10 times the value over the next 5 years. They should be willing to give up some control over running the business.
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Indicate whether the statement is true or false
Hamilton Lawn Services incurred $800 as a repair expense and paid for it in cash. This transaction will ________
A) decrease the stockholders' equity B) increase the assets of the business C) increase the liabilities of the business D) decrease the liabilities of the business
In a freely floating exchange rate system, if the capital account surplus for the U.S. rises, what will most likely happen to the real value of the dollar?
A) It will decline. B) It will rise. C) There is no impact on the dollar. D) The IMF will step in to adjust rising exchange rates.
Vertical nonprice restraints, such as territorial restraints imposed by producers on retailers, have, in recent years, been viewed by the Supreme Court:
a. as per se illegal b. as per se illegal if tied to a customer restriction, otherwise a rule of reason analysis is applied c. under a rule of reason usually sympathetic to the producer d. under a rule of reason usually sympathetic to the retailer e. as per se legal