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Fundamentals of Entrepreneurship - Entrepreneurship and Business Innovation - Flashcards
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To scrabble = making a better world with new ideas. True or false?
To scrabble = making a better world with new ideas. True or false?
False, that's social entrepreneurship
In what 3 ways can you protect against dilution of your equity?
In what 3 ways can you protect against dilution of your equity?
1. First refusal = keep them at x-percentage of ownership
2. Ratchet = protects in event of down round (value of the firm drops over time) by maintaining same ownership percentage
3. Liquidation preferences = major investors get paid first in a liquidity event
Why did Nils Bergqvist start the Ice Hotel?
Why did Nils Bergqvist start the Ice Hotel?
Because he had to find something for the winter to do and make money off, and because he experienced demand for those adventures
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