Given that anything is possible in the future, why cant an entrepreneur who is seeking funding choose
Question:
Given that anything is possible in the future, why can’t an entrepreneur who is seeking funding choose assumptions that make a start-up look good when it isn’t? Is this more a danger with real option analysis than with normal capital budgeting analysis?
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While its true that entrepreneurs have some flexibility in choosing assumptions for their startup projections deliberately selecting unrealistic or overly optimistic assumptions to make a startup look ...View the full answer
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Related Book For 
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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