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Unformatted text preview: n, startup team, finance, prototype/mock up Assembly of resources Startup Marketing, managing growth, management skills To stay or to leave? Harvesting and exit Five Entrepreneurial Realities (that you can take advantage of, or avoid!) you
The typical start-up only requires about $25,000 to get going. Most The successful entrepreneurs design their businesses to work with little cash. They borrow instead of paying for things. They rent instead of buy. And they turn fixed costs into variable costs by, say, paying people commissions instead of salaries. instead The odds that a start-up company will get VC money are about one in 4,000. 32% of “angels” have a household income of $40,000 per year or less and 32% seventeen percent have a negative net worth. seventeen 53% of the financing of companies that are two years old or younger comes 53% from debt and only 47% comes from equity. from banks account for 16% of all the financing provided to companies that are banks two years old or younger, 3% higher than the amount of money provided by the next highest source – trade creditors – and higher than a bunch of other sources that everyone talks about going to: friends and family, business angels, venture capitalists, strategic investors, and government agencies. Five More En...
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This note was uploaded on 11/12/2009 for the course AEM 1200 at Cornell University (Engineering School).