Perf. eval. works as a feedback loop of objective and subjective measures! higher reliance on incentive based comp increase need for qual. 3rd march Reducing cost -> often you just move the (increasing) cost in the organisation Balanced Scorecard: A tool to balance value-creating activities towards shareholder value, as well as ensure strategy implementation and P M "VC's prefer A-teams with second class ideas than B-teams with first class ideas - it is all about execution" 7th March Are you an entrepreuneur or a small company? Well, without cash you are nothing! But beware of burning your cash when you have it! "We will talk about this at the exam" - an "uuuuh" goes through the class 8th March investors want to be close (geo) to their investments and longer tradition for VCs in the US. Makes more sense to be in the home market. Are you an entrepreuneur or a small company? Well, without cash you are nothing! But beware of burning your cash when you have it! You need to plan on an exit. Trade sales, IPO, Systemic Liquidation (Solvent closing), MBO/LBO, Private Equity Fund. And It's a wrap!