Entrepreneurship, Second Edition

10.7. YOUR OPPORTUNITY JOURNAL

Reflection Point

Your Thoughts...

How can you bootstrap your venture? What services can you get for free or at reduced rates? What equipment can you lease or buy used? In the last chapter, you created a funding strategy. Now think about how you will gain access to angels and venture capitalists. Who can make introductions on your behalf? What valuation method makes the most sense for your company? What comparable companies can you refer to as you prepare your valuation? Imagine your harvest. What companies might likely acquire you? How can you prepare for that future acquisition? Is there a possibility that your company could go public (high-growth industry)? What do you need to do to prepare for that?