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BMGT 289E FINAL 2024 EXAM!!
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BMGT 289E FINAL 2024 EXAM!!
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BMGT 289EFINAL 2024
EXAM!!
BMGT 289E
Evatee 8/31/24 BMGT 289E
,BMGT 289E FINAL 2024 EXAM!!
Over-arching attributes
of entrepreneurial setting Answer - -Failure
-Resource scarcity
-Value creation - how much value?
-Valuation by means of negotiation
-Asymmetric information
-Decision making under uncertainty
*Markets
*Assets
*Company stage (i.e., accomplishments)
*Founder reputation
Information asymmetry problems Answer - -Entrepreneurs have information
about
their business that investors don't have.
This creates several problems:
-Investors must make decisions based on little
actual evidence
-Entrepreneurs and investors disagree on value
of new venture
-Entrepreneurs can take advantage of investors
-Adverse selection
, -Investors want collateral
"Capital question" Answer - -How much money do I need?
-Where should I get that money?
-What arrangements do I need to obtain that capital?
Startup Capital Answer - -All costs incurred to get the business off
the ground
-Determine the capital you need
-Determine what you'll do with the capital
once you get it
How much do you need?
-60% of all new ventures require less than
$5,000 of capital to get started
-Only 3% require more than $100,000
Two categories of funding a startup Answer - -Debt
-Equity
Debt Answer - -financial obligation
to return capital
provided plus a
scheduled amount
of interest
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