February 2014
Beginner
593 pages
23h 51m
English
Content preview from Entrepreneurship, 3rd Edition
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CHAPTER 10
RAISING MONEY FOR STARTING AND GROWING BUSINESSES
Jim Poss and BigBelly© solar-powered trash compactor.
You've developed your business idea and written a business plan in which you have forecast how much money you'll need for your new venture. Now you're wondering where you will get the initial money to start your business and the follow-on capital to grow it. In this chapter, we discuss the mechanics of raising money from investors, including business angels, venture capitalists, and public stock markets. First, we revisit the Jim Poss case, which you studied in Chapter 3, to examine how Jim scraped together the resources to start his business.
Jim Poss, BigBelly Solar
During the second year of his MBA studies, Jim enrolled in Babson's Entrepreneurship Intensity Track, which is for students who want to develop a new venture that they will run full time as soon as they graduate. Jim's first product, the BigBelly® is an automatic, compacting trash bin powered by solar energy. The innovative BigBelly dramatically cuts emptying frequency and waste handling costs, trash overflow, and litter at outdoor sites with high traffic and high trash volume. The BigBelly's target end users, such as municipalities and outdoor entertainment venues, face massive volumes of daily trash and very high collection costs. By the time he graduated in May 2003, Jim had a company, originally ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.