The Twenty Percent

The entrepreneur I interviewed was the owner of Tanya’s Workshop.

She definitely knew her demographics and customers are. I have attached a sheet showing that information that she said I could share.

"Week 8 Reading Reflection"

Reading Reflection

For each reading reflection post, I ask you to address the following areas:

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? 

The United States of America is one of the most richest countries in the world so I was very surprised when the author wrote in the book that more than 500,000 people in the USA has a net worth of at least one million dollars. I know he said more than 500,000 but that must be the closest number of people in that category. I certainly thought that number would have been much higher.

1. Identify at least one part of the reading that was confusing to you.

I have never really understood how the initial IPO offering prices are determined. I still after reading about it again still not quite sure how the value is established.

1. If you were able to ask two questions to the author, what would you ask? Why?

I would like to know where or who the information of dispelling Venture Capital Myths came from. How many Capital Venture Investors were polled?

 

If you were starting a new business and needed to raise capital who would you use? Would you use a Business Angel or a Venture Capitalists to raise the capital needed and why?

 

1. Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

I would question myth no. 1 that venture capitalist do not want to own control of your company. The only reason I bring this up is what I have noticed on the Shark Tank show. Sometimes they want controlling interest of the business so they can make sure they have the final say in important decisions to protect their investment