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Unformatted text preview: While the previous reasons are in accordance with the qualities of a typical venture capital investment, we differ from conventional venture investments because we do not have great cash needs. Also, our mission is to provide consistently superior products and services to our customers through quality control; therefore, we will not be poised to exercise a quick liquidity event soon after the launch. Perhaps the most attractive aspect of Softwaredirect’s launch period is that it will need less than $100,000 in its first year of operation. The most expensive portion of our costs is software engineers’ salary expenses. As our clientele and product base increase in size, additional software engineers will be needed in order to ensure quality control. However, we will hedge our susceptibility to high salary costs initially by leveraging our in house expertise in software engineering. After such time additional sources of revenue will be used to pay the various salary costs....
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- Spring '08
- Finance, software engineers, high salary costs, initial labor costs, various salary costs