What was the biggest surprise for you in the reading? What stood out the most as different from your expectations?
The biggest surprise for me was the part about the myths of venture capital because I believed many of those myths were true. For example, I would have expected the majority of funding for a entrepreneurs start up to be from venture capital, but that is actually just a myth.
Identify at least one part of the reading that was confusing to you.
The most confusing part of this chapter was when the author discussed the notification and non-notification plans. I understand that this applies to when using accounts receivable as collateral, but it still confuses me.
If I were able to ask the author two questions, these would be them:
1. Why would a company choose to work with private placements?
2. What exactly is a venture capitalist and why do they exist?
Was there anything you thought was wrong that the author said? Where do you disagree with them? How?
I think the first thing that sticks out to me is the different myths that were disproved. I agree with all of them, which is that the venture capitalist doesn't want to own the business. The reason I disagree is that shows like Sharktank show that investors are looking to become at least part equity-owners and to have a say in the decisions.
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