Question: Pied Piper, a nascent cloud computing start-up, just received Series A funding from several venture capital firms attracted to Pied Piper's proprietary software innovation. This

Pied Piper, a nascent cloud computing start-up,

Pied Piper, a nascent cloud computing start-up, just received Series A funding from several venture capital firms attracted to Pied Piper's proprietary software innovation. This cash infusion has led to Pied Piper's CEO to invest significantly in a legitimately cool office space for his employees with plenty of perks and fringe benefits, though it was seen as an exorbitant use of the venture capital funding as he pre-paid the a 12-month lease and purchased expensive computer equipment (databases, networking, high-powered desktops and laptops, etc.) instead of leasing it. What did Pied Piper's CEO do wrong financially as an entrepreneur? Efficiently Use Capital Maintain Liquidity o Conserve Equity All of the above

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