1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
I didn't know that there were so many ways to finance a business with the help of loans from banks and other investments. It shows how difficult it is to start up a venture especially when you have limited funding and don't even know if your business will be as profitable as you think it will be.
2) Identify at least one part of the reading that was confusing to you.
One part that was confusing to me was the part about private placements. I don't really understand how an entrepreneur would use this method.
3) If you were able to ask two questions to the author, what would you ask? Why?
Is there any way to back out of equity financing once you start? If I were to share 20% of my company and then all of a sudden my business booms and I'm making a lot of money, would I still give them 20% no matter what? It doesn't seem fair after a certain amount of time.
How would one become a "sophisticated" investor? I'm sure it takes not only a lot of research but also a lot of time and experience.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
While talking about all of the myths, I thought that venture capitalists were quick to invest in businesses that think will be very successful, but one of them says that they aren't quick to invest. I think that some might be quicker than others when choosing investment strategies.
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