As an aspiring entrepreneur this the
chapter I looked most forward to read. Source of capital is usually the first problem people bring up when you introduce an idea to them: “where are you
going the money they ask?”. It was revealing and relieving to find out the
sources of capital are numerous, diverse and at the same time challenging
because I would not want to be just be funded and waste someone else’s hard
earned money in a project that I have pursued without much thought or hard work
put in it. The abundance of options, not that it easy to get to each of them at
any time, makes it a little difficult to decide which one to aim for. Both debt
and equity financing have have their (dis)advantages. The myths about venture
capitalists were an interesting list of things to be aware of before
approaching one. It is indeed important they for example they don’t only focus
on technology projects and if you have a different idea you can still present
it to them, as long as you can convince them how it would work to make yourself
(and them) more money. I would like to ask the author how are important are
synergies and skill/knowledge/background of people are they most satisfied to
see in a project team before they make a decision?
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