Sunday, February 28, 2016

Week 8 Reading Reflection

1) The biggest surprise for me in the reading was that the chapter discussed finances. I didn't realize I would be learning about these things, like accounts receivable and equity financing, in entrepreneurship. I am majoring in finance, so this is really cool for me.

2) I didn't really find any of this reading confusing, although some of the charts took some time to figure out.

3) Would it be impossible for an entrepreneur to do well if they did not understand finances (if they had someone do that stuff for them, could they still succeed?)
What makes for a good venture capitalist?

4) I personally don't agree with the "myths" about venture capitalists. I feel as if most people assume that they are not okay with reasonable returns, that they need more than basic information, and that they aren't so quick to invest. In my opinion, it makes sense for professional investors to be smart, cautious, and high achieving individuals. So, myths stating the opposite make no sense to me.

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