Entrepreneurship, Second Edition

9.6. YOUR OPPORTUNITY JOURNAL

Reflection Point

Your Thoughts...

How much equity financing do you need to get your business launched? When do you need it? Where will you get your initial financing? How much money can you invest from your personal resources (savings, second mortgage, etc.) Create strategy for other equity financing. Build list and rank order Four funding sources. Estimate how much each of these investors might be able and willing to invest. Do you think your business has the potential to raise formal venture capital (high-tech, high-innovation, high-growth prospects, etc.)If so, when might you be ready for venture capital? How much would you raise?