Imagine you invented a new type of car seat for children, which is lighter and safer than the car seats currently on the market. You have a business plan and have won two business plan contests based on your idea. You also have a working prototype. You’d like to find an angel investor to fund the launch of your new firm. Describe how you’d go about finding an angel investor in the area in which you live. Make a list of the specific steps you’d take, and the specific people you’d talk to, in order to try to locate an appropriate angel investor.
Answer to relevant QuestionsEd Sayers just returned from a meeting with his banker with a frustrated look on his face. He tosses his keys on the kitchen counter and tells his wife, “I just can’t understand where my banker is coming from. I have a ...The following sentence appears early in this chapter: “There are three reasons that most entrepreneurial ventures need to raise money during their early life—cash flow challenges, capital investments, and lengthy product ...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? Examine the “You Be the VC 11.2” feature, which focuses on COOLEST, a revolutionary new type of cooler. Suggest some potential co-branding relationships for COOLEST. Contrast the advantages of selling direct vs. the advantages of selling through an intermediary.
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