Alex Gondolas is in the early stages of developing a new laser optics technology that may be of interest to the U.S. Department of Defense. Alex recently attended a seminar for start-ups, and was advised to apply for a Small Business Innovation Research Grant to fund his project. Alex thought about applying for the grant, but decided it was too much hassle and paperwork. If you were advising Alex, would you tell him to rethink his decision? Why or why not?
Answer to relevant QuestionsDescribe the purpose of an initial public offering (IPO). Why is an initial public offering considered to be an important milestone for an entrepreneurial firm? Samantha Smith, a friend of yours, was recently telling you about a company that her father is starting in the solar power industry. Samantha’s father is using a technology he developed, which has received favorable ...To what degree do you believe Kickstarter itself is a successful start-up? What is bootstrapping? Provide several examples of how entrepreneurs bootstrap to raise money or cut costs. In your judgment, how important is the art of bootstrapping for an entrepreneurial venture? What is a target market? Why is it important for a firm to choose its target market early in the process of launching its venture?
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