Entrepreneurial Finance BA 752 Raising Entrepreneurial Capital Chapter 1
Setting the groundwork Entrepreneurial venture vs. small business Good idea vs. good idea for a company
Start up capital Trends in capital availability 1990’s Recession – Today
Initial capital sources The entrepreneur Friends and family Customers and suppliers Angels Bootstrapping
Bootstrapping Do more with less Ownership of assets is not important Limit the VP’s Maximize the use of trade credit Cash flow is king!
Impact of the Internet Source of resources Source of sales Source of financing
Organizational form Sole Proprietorship General Partnership LLC (S corp) LLP Limited Partnership C Corporation