Angel Investors And The Venture Capitalists

Angel Investors And The Venture Capitalists
1. What types of people are angel investors, and how are they different from venture capitalists?
Angel Investors are the sophisticated ones who generally used to fund the startup companies. Any
entrepreneur who wishes to establish a startup might search for investors. And investors who are
willing to fund are known as Angel Investors. And the amount availed through investments for
startups are called Angel Investments. Also there is another kind of investment also called as capital
investment. Depending upon the policies evolved at management level of a business these investors
are categorized. Not only confined to financial return, some factors such as motivation drive
investors to spend with startups. Either from a relation prospective or from some successive
entrepreneurs, we expect them to be investors. It would reflect a better understanding between angel
investor and startup entrepreneur, if proper agreements are made at the start of business. Angel
Investors might be of different types which probably contain
>>Family Investors: This kind of investor is not really a usual Angel Investor at all, except a
supportive family member that "knows you". Motivation behind this investment is to support to you
as a family member or friend. These kinds of investments are totally built up with trust, emotions
and personal. Depending upon the financial situation and relationships, this type of investments can
work only if everyone comes with their eyes wide open.
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The Private Market And Venture Capitalist
Mr. Whitney presented enlightening information regarding entrepreneurship, why it is important and
how the private market or venture capitalist are so important in investing in entrepreneurs. Venture
capital is changing the global economy as banks are not investing in businesses anymore other than
lending funds. Wealth creation has changed due to the internet and today wealth creation is out
pacing the wealth created by inheritance (M. Whitney, personal communication, May 21, 2016). An
axiom from Mr. Whitney's company is networks create and disrupt net worth. As explained,
networks bind things together, but they take away somewhere else. This can be illustrated in the
railroad industry. The railroad created a network, which tied the east and west coast together,
facilitating travel and movement of goods from coast to coast. However, the railroad industry
disrupted net worth of the horse and buggy industry, as this mode of transportation was replaced. It
is typical for organizations to follow a common business model within an industry but, if you
assume that there is only one business model, then your organization gets disrupted and you are
blindsided. Another idea presented was retail is a good indicator of market shifts, with three big
trends portrayed in retail that is extended to every industry as a predictive indicator. One of these
trends is consolidation, which we see companies buying up companies, therefore the customer base
is getting smaller. This

A Study On Joint Venture
Joint venture is the agreement in between the business organizations that tends to do work together
by mutual contract. This is termed as the business agreement that is concerned with the development
of mutual consent for the limited rime period. Considering the bigger picture Xtech is the leading
Extrusion technology incorporation and the CEO of this incorporation has visited China for the
development of XTech. It is termed as the leading global manufacturer that is based on the wide
range of mechanical solution that is usually used for the circuit boarding. After the numerous
meetings in Xiamen Foreign investment board the top management has started making the things in
order to make some setup of Xtech in China. In order to cultivate the new project the business is
likely to project the new idea as well as to have geography where the establishment of business is
made possible. In the idea of expanding the resources it is necessary to make a joint venture. At X
Technologies is the organization that is providing services and quality operation in field of
engineering, security programs, information technology and different technological programs that
can help the commercial and federal organizations. This organization is very effective for managing
and introducing new improvements and advancements for increasing services of contracting
vehicles. Most important feature that has considered by this organization is the teaming partners and
joint venture with other

Advantages And Disadvantages Of Joint Venture
0 Introduction
A joint venture (JV) means; "An enterprise, co–operation or partnership, formed by two or more
companies, individuals, or organizations, at least one of whom is an operating entity that wishes to
broaden its activities for the purpose of conducting a new, profit motivated business of permanent
duration. Some researchers such as Adnan and Morledge (2003) define joint ventures as the
procedure used to respond to specific business phenomena such as access to new markets, specific
government policy, business capacity, technology transfer or economies of scale. In general the
ownership is shared by the participants with more or less equal equity distribution and without
absolute dominance by one party." This entity is subject to the joint control of its parent firms, each
of which is economically and legally independent of the other (Shenkar, Zeira, 1987).
An "operating joint venture" is a partnership through which two or more firms create a separate
entity to carry out a ... Show more content on Helpwriting.net ...
Each member is taken for specific scope of work and is responsible for the profit or losses
associated with that scope of work .Each member is solely responsible for the resources necessary to
perform its specified scope of work. The advantage of this type of joint venture is that for the
contractor entering in to the joint venture, each can complement the others skills. But the
disadvantage is that some contractors have put more efforts than others, thus leading to internal
conflicts (kale et al. 2005). This type of joint venture is used in projects where total work can be
divided in to different sections. These sections can be subcontracted out to separate partners, who
are responsible for technical and administrative element of those sections. They typically require
limited relationship between parties and are used in linear projects with distinct work scope (Klotz

Identifying Venture Opportunities
CASE: E–323
DATE: 11/18/08
IDENTIFYING VENTURE OPPORTUNITIES
I never perfected an invention that I did not think about in terms of the service it might give others...
I find out what the world needs, then I proceed to invent.
–Thomas Edison
INTRODUCTION
One of the biggest questions on every hopeful entrepreneur's mind is, ―how do I come up with a
compelling idea for a new venture?‖ While there is no right or wrong answer to this question, there
are several things to be aware of and thinking about as one heads down the entrepreneurial path.
Even if a great idea has already come to mind, it is essential to cover the basics – the market,
product/service offering, competitive, economic, and team dynamics to determine if the ... Show
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Howard Schultz's inspiration for Starbucks came to him when he was on vacation in Italy and
admired the ―café culture‖ there that had not yet taken root in the US.
Another valuable exercise is to reflect on experiences (particularly frustrating ones) as a retail or
industrial consumer. Entrepreneurial ideas can be the result of simply being an irritated consumer
looking for a better solution, where ―in solving their own needs, they often find they satisfy the
latent demands of a broader group of users.‖3 Recall the origins of Nike – Phil Knight and his track
coach Bill Bowerman were dissatisfied with the footwear available for longdistance runners, so they
started their own footwear company using Bowerman's waffle maker to produce the rubber soles.
Never underestimate the importance and relevance of contextual knowledge. Many successful
entrepreneurs have found their ideas by reading different newspapers and economic and technical
publications in order to keep abreast of trends and events taking place around the world. One
incredible advantage that students have is the access to resources available at colleges and
universities. Investigate what kinds of projects and experiments are going on in university research
labs, as

Corporate Governance of International Joint Ventures
Table of Content
ABSTRACT 1
1 INTRODUCTION 2
2 INTERNATIONAL JOINT VENTURES ORGANIZATIONAL STRUCTURE 3
2.1 PARENT FIRMS, IJV MANAGERS RELATION 3
2.2 PARENT FIRM'S RELATIONS 4
3 RIGHTS, FUNCTIONS OF BOD, PARENT FIRMS, IJV MANAGERS 6
3.1 PARENT FIRM'S RIGHTS, FUNCTIONS 7
3.2 BOD'S FUNCTIONS IN IJV 9
3.3 IJV MANAGER'S DUTIES 10
4 CONCLUSION 12
REFERENCES 13
Abstract
This paper figures out IJV structure and mechanisms such as principal agency problems and hold–
up problem in International Joint Ventures. Thereby it is appropriated to examine the relationship
between the parental firms, and how they can elaborate the operation of the Board of Directors and
the Joint Venture managers. This refers to an organization of ... Show more content on
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Additionally, the BOD has a direct relation with IJV managers. The structure of IJV helps us to
understand the challenges that parent firms face in designing the contract.
2.1 Parent firms and IJV managers relation
IJV managers are promoted to the venture by the parent firms in order to represent the parent firm's
culture, goals etc. Therefore, IJV managers are working on behalf of the both parent firm's
objectives in the IJV. In this context, agency theory helps us in understanding the relationship
between the IJV managers and parent firms.
"Agency theory is concerned with resolving two problems that can occur in agency relationships.
The first is the agency problem that arises when (a) the desires or goals of the principal and agent
conflict and (b) it is difficult or expensive for the principal to verify what the agent is actually
doing."
The cause of the agency problem between IJV and parent firm relation is that the parent firm usually
lacks of measuring and controlling the behavior of the managers appropriately. That means that

information is asymmetric and IJV managers have more information about the ongoing works of the
IJV than their parent firms. Therefore, IJV managers generally show the tendency to satisfy their
self–interest instead of the parent firm's interest. In this context, two different kinds of agency
problem arise, namely moral hazard and adverse

Advantages And Disadvantages Of Venture Capital
VENTURE CAPITAL
"Everything begins with an idea"
–Earl Nightengale
INTRODUCTION
The term 'Venture Capital' is associated with the funding of start–ups by venture capitalists, which
show potential to make it big in the future. The venture capitalists earn by getting ownership equity
in the firm. The main of form of venture capital investments begin after the initial seed funding.
Venture capital is essential for the companies who focus on novel ideas, because it is difficult to get
a loan from banks for it. INITIAL HISTORY
Georges Doriat also known as father of venture capitalism, opened up a venture capital firm,
American Research and Development Corporation (ARDC) in 1946. The main objective of ARDC
was to encourage soldiers returning from the world war. ARDC became the first equity firm to
generate capital not from the wealthy families but other sources as well. ARDC invested ... Show
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For example, suppose you have a novel business thought however you don't have enough cash to
adequately bring it to the market yourself before contenders enter the business sector , venture
capital firms may permit you to rapidly make and grow the business, gaining market share and
brand recognition before competitors enter the market.
As an organization develops, its worth has a tendency to expand, so venture capital firms can wind
up making the original owner's stake in the organization more profitable.
From the point of view of a start up, Venture capital offers the potential for large sums of investment
and is an attractive investment. Venture capital investors regularly bolster creative new businesses
which have a degree for business expansions and can bring about higher returns when contrasted
with interest in stocks and

Private Equity And Venture Capital
Final year project proposal
TITLE
PRIVATE EQUITY/VENTURE CAPITAL
INTRODUCTION
This section will give a short introduction to this dissertation, by identifying a context for the
placement of the research in terms of the literature and also why this topic is worthy of research. An
overview of the private equity industry will be given, followed by the research objectives,
contributions and targeted audience.
This paper examines the effect of private equity industry on the performances ' of portfolio
companies in the UK. Private equity is a capital or an asset in operating companies that are not
publicly traded. Private equity firms create investment funds that receive capital from investors
known as limited partners. It is medium to ... Show more content on Helpwriting.net ...
The private equity investors known as the general partners, use their capital along with the money
borrowed from banks, to buy companies that they believe could be notably more successful with the
right combination of talent, strategy and capital. Private Equity investment market has been the
fastest growing market in the past 15 years for corporate finance, compared to other markets such as
the public equity and bond markets. George (1996) wrote a book called ?The economics of the
private equity market ' that examines the reasons for the market 's unpredictable growth over the
past fifteen years and highlights the key features of that growth. It examines the economic basis of
the private equity market, analyzes the market 's current role and development in corporate finance,
and describes the market 's institutional structure. However despite its rapid growth and increased
significant for corporate finance, it has received little attention in the academic literature or press.
Joshua Lerner, 1994 wrote a book called ?The Syndication of Venture Capital Investments ' in which
he said that "Between 1980 and 1994, the amount of private equity outstanding rose from less than
$5 billion to $100 billion." This study examines the reasons for the market 's incredible growth
between 1980–1994 and

Sea Venture In The Tempest
As described in the Arden edition of The Tempest, despite its "beautiful visual wonders, not so much
happens"(Vaughan 2) in this relatively short Shakespearean play. However, it had become a symbol
of the English Explorations –– during Shakespeare's life–time –– a period of geological,
governmental, and artistic discoveries. In this regard, the story of Sea Venture through the Bermuda
islands, is very often told, since it is the inspiration of The Tempest. The story and the play are very
closely related that a significant part of the story made it into the writing of the play. The story
becomes a candid example of England during the Age of Explorations –– the people wondering
about life in their colonies, the sailors bringing back the shocking ... Show more content on
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Frankly, it is very difficult to see peace and even civilized manners in the English society back then.
People would argue every time, though they survived an enormous accident together; stealing each
others' goods were so prevalent; the place where they thought was safely colonized had, in fact,
almost completely disappeared. However, we, as people from 2015, would be able to understand
Shakespeare, who insisted to make this disastrous story as a play, because the story itself is so
fascinating. It, ironically, is a great pleasure to see the English struggling to face the new world
coming at them. It seems like their trait of willing to discover makes the story interesting. It is how
they are not avoiding the challenges that make us want to see more about how they are going to
overcome those challenges –– and engages us further into the story. This perhaps is the reason why
the story is so often told until these days. It gives us a clear idea about what lives were like in the
Age of Explorations during England –– how they were struggling, but desiring. In this regard, it isn't
strange for us to wonder if Shakespeare merely wanted to retell this journey. Shakespeare must have
been impressed after reading Strachey's writings. It perhaps was written in the hopes that the readers
could take away something from the English back then –– from their open, active attitudes towards
challenges. We,

History Of The Venture Capital Industry
1.2. History of the venture capital industry
Historically venture capital represented a small portion of alternative assets, which in turn
represented a small, but sizeable, portion of the global financial asset base. (INSERT CITATION).
Prior to the semiconductor boom in the 1960s, venture capital was closer to what today is described
as angel investing. During this period, the majority of new venture financing originated from
individual investors, and often financed by the entrepreneur or his or her family and acquaintances.
(INSERT CITATION).
Prior to the Second World War, most new venture financing was sourced from wealthy individuals
and families. (CITATION) George Doriot is often regarded as father of the modern, whereby he
established the investment firm ARD in 1947 to source institutional funds to be invested in
financing new ventures. (CITATION) A decade later the U.S. government passed the Small Business
Act of 1958, through which the government provide financing in form of debentures to Small
Business Investment Companies (SBICs). While SBICs backed some of today's most well–known
multi–national corporation such as Xerox or FedEx, and share many aspects of the modern VC firm,
they did not become the accepted model for venture financing. (Venture Capital and Finance of
Innovation, Metrick et al) Perhaps the most valuable outcome of SBICs for the establishment of the
venture capital industry was that it trained the professionals who later established the venture

Joint Venture Advantages And Disadvantages
Joint ventures
The key factor in the management of international joint ventures are successful performance, human
resource development, host cultural characteristics based on practice, the quality of performance,
training, flexibility and adaptability, technical complexity, knowledge acquisition from foreign
partners, parents cooperation, recourses sharing, shared equity, governance and the political risks of
the host country, these are some of important critical successes for the international joint venture to
success. If at any misunderstandings and conflicts of these problems, mean that it will develop a
crack in a joint venture. The bargaining power of individual partners should determine who should
bring specific resources to reduce costs.
The advantages of joint ventures are:
· Sharing of risk and ability to combine the local in–depth knowledge with a foreign partner with
know–how in technology or process
· Joint financial strength
· May be only means of entry and
· May be the source of supply for a third country.
They also have disadvantages:
· Partners do not ... Show more content on Helpwriting.net ...
In 2009, IUF and Danone shared their experiment for labor–management dialogue and took their
European fomallising relationship. Their goal is to update the existing cast to give it a global scope
and allow Danone employees in the Group's global business for broadly representative.
The staffs are working representatively from various departments to address employment and labor–
related issues and share group strategy in senior management. Therefore, employee will enable to
better understand about their representatives and danone's strategic challenges. Also it allows
members of the committee, in order to further promote and address the key issues of various
department such as organization, human resources, management and special projects.

Advantages And Disadvantages Of Starting A Joint Venture
As it has said, there are very good reasons to decide starting a Joint Venture. Joint ventures as a
strategic alliance between companies present lots of benefits for the different parties. They allow to
spread the risk between the venture partners. The co–ventures agree to share profits and losses
depending on the risk taken by each of them. It allows flexibility due to its nature. Flexibility setting
the limits of the business, in structural organization and in decision making processes, overall in
comparison with its parent companies. They also facilitate the access to resources. Here it is
included, as well, financing, the specialized staff and technology. This is an opportunity to gain new
capacity and to benefit improving the ability and ... Show more content on Helpwriting.net ...
The strategic alliance stablished in the first place should guide the analysis of success. Along the
years there have been lot of different approaches to this subject, the book International Joint
Ventures: Theory and Practice (Aimin Yang and Yadong Luo, 2001) explains a good amount of
them. Therefore depending on the aim of the Joint Venture it could be taken into account different
indicators: increase of profits, share R&D expenses, market position, improvements in distribution
channels, reducing of overall costs, development of new technology, diversity of products, reduction
of competition, reduction of risks among others. There is no magic formula to measure the level of
success of a Joint Venture, each case has its own particularities and it has to be analyzed taking them
into account. As a general approach, the success of a Joint Venture should be determined by the
distance between the objectives and the

venture capital Essays
CHAPTER –1
INTRODUCTION
1.1 INTRODUCTION
Venture capital, a financial innovation of the twentieth century, is a long–term liquid investment,
which can be in the form of equity, quasi–equity and sometimes debt in new and high–risk ventures.
Venture capital became better known after the famous legend of Apple Computers, which started out
in the US in 1977 with the capital firm, Arthur Rock & Co. Apple Computers then made it to the
Fortune 500 and Arthur Rock & Co. attained height in Venture capital industry. However the success
of Venture Capital in USA stimulated world countries to practice on Venture capital.
A number of technocrats are seeking to set up shop on their own and capitalize on opportunities. In
the highly ... Show more content on Helpwriting.net ...
Companies such as Digital Equipment Corporation, Apple, Federal Express, Compaq, Sun
Microsystems, Intel, Microsoft and Genentech are famous examples of companies that received
venture capital early in their development.
In India, these funds are governed by the Securities and Exchange Board of India (SEBI) guidelines.
According to this, venture capital fund means a fund established in the form of a company or trust,
which raises monies through loans, donations, issue of securities or units as the case may be, and
makes or proposes to make investments in accordance with these regulations.
1.3 OBJECTIVES
Venture Capital is one of the fastest emerging sources of finance for new entrepreneurs. In spite of
its increasing popularity, funding via Venture Capital is faced with a number of difficulties. Thus, it
is important to study the various aspects of raising funds through Venture Capital.
1. Trends in the Indian Venture Capital Industry.
2. To study the current Indian scenario.
3. To find out the different contributors to the Indian Venture Capital Industry and their investment
industry wise.
4. To identify the major players in the Indian Venture capital Industry.
5. To identify the problems faced by the Indian venture Capitalists.
6. To study the various guidelines of the regulatory body "SEBI".

1.4 SCOPE
Major limitation of the project has been the unavailability of current data, of the contributors to

Essay On Venture Capital
Venture Capital is a specific term that refers to funding obtained from a venture capitalist. These are
professional serial investors and may be individuals or part of a firm. Often venture capitalists have
a niche based on business type and or size and or stage of growth. They are likely to see a lot of
proposals in front of them (sometimes hundreds a month), be interested in a few, and invest in even
fewer. Around 1–3% of all deals put to a venture capitalist get funded. So, with the numbers that
low, you need to be clearly impressive.
Growth is usually associated with access to, and conservation of cash while maximising profitable
business. People often see venture capital as the magic bullet to fix everything, but it isn't. Owners
... Show more content on Helpwriting.net ...
There are specialists in each area and you'll find different companies with their own criteria.
FF & F – Family, Friends and Fools. Those closer to the business and often not sophisticated
investors. This type of money can come with more emotional baggage and interference (as opposed
to help) from its providers, but may be the fastest way to access smaller amounts of capital. Often
multiple investors will make up the overall amount needed.
Angel Investors – The main business angels vary from venture capitalists in their motives and level
of involvement. Often angels are more involved in the business, providing ongoing mentorship and
advice based on experience in a particular industry. For that reason, matching angels and owners is
critical. There are substantial easily locatable networks of angels. Pitching to them is no less
demanding than to a venture capitalist as they still review hundreds of proposals and accept only a
handful. Often the demands around exit strategies are different for an angel and they are satisfied
with a slightly longer term investment (say 5–7 years compared to 3–4 for a venture capitalist).
Bootstrapping – growing organically through reinvesting profits. No external capital injected.
Banks – banks will lend money, but are more concerned about your assets than your business.
Expect to personally guarantee everything.
Leases – this may be a way to fund particular purchases that allow for expansion. They will
normally be leases over assets,

Assignment 2 New Venture
1. Discuss the future outlook and industry trends related to the new venture.
Natural ethnic hair care products and organic hair care products are fast becoming a staple in the
cosmetics industry. Each year more and more consumers switch from the chemical–laden hair care
products to products that use natural and organically grown ingredients. Now these particular
products are no longer only available in organic food stores. They have now hit the retail level. Mass
retailers such as Target dedicating more shelf space to ethnic organic beauty products and offering
more premium options traditionally sold only through specialty outlets, including Miss Jessie 's
Curls and the Jane Carter Solution line. (Morris, June 2011, pg. 30)
This ... Show more content on Helpwriting.net ...
(Carter, April 2011, pg. 46)
In order to raise capital for the venture, I would first need to determine what funds are available,
which ones who be best for the venture, and how I would go about obtaining those funds for the
venture. Carter explains that there are two key issues or factors that come into play when
determining which kind of capital is the best for a new venture: (a) Usually the search for financing
is precipitated by a rejection of an existing bank relationship, and (b) understanding why the
company needs capital will determine what type of financing is most appropriate. (Carter, April
2011, pg. 47)
For the venture that I am pursuing, Government Funding through the Small Business Administration
Loans/Small Business Investment Companies Business Development Corporations could be
feasible. There are many firms that not only survived but are growing dramatically using these
programs. (Carter, April 2011, pg. 46) Also, Equipment Leasing provides equipment loans and
leases for companies that are having a difficult time raising capital with tight liquidity. Nations
Equipment Finance (NEF) will finance up to 100 percent of the purchase price of equipment for
terms as long as seven years and look for returns in excess of 10 percent through the company,

A Study On Venture Team
Venture Team
1. The founders. NB has two founders, one is Gupta Gautam, who worked in the venture capital
company General Catalyst Partners for a long time; the other is Kenneth Chen, who once served as
an investment analyst and sales manager. He also founded a company in 2009, called W Media.
These experiences are beneficial for the development of NatureBox because its founders know how
to start a new business and how to attract investment but also be the benefit for their network
resources. On the other hand, GG and KC are familiar with each other and their work is more
efficient.
2. The management team. From some of the online survey and staff feedback, NB 's early
management team is progressing. In 2014 and 2015, NatureBox recruited ... Show more content on
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Investigation of O2O share of global sales area
After investigation, major regions worldwide annual sales percentage is as follows: Asia Pacific: 13
years, 14 years, 15 years, 16 years, respectively, 33.4%, 36.2%, 38.2%, 39.7, showing an upward
trend.
2. US mobile e–commerce sales forecast analysis (From 2013 to 2017, unit: one billion US dollars)
The US e–commerce sales was 38.84 in 2013; the sales increased to 53.41 in 2014; it grew into
71.16 in 2015, while it increased to 92.39 in 2016. It will reach as much as 108.56 in 2017.
Therefore, we can draw a conclusion:
(1) The online shopping has become popular;
(2) The consumer desire for snacks and the demand for health;
(3) Market demand: in the snack food industry, the demand for healthy snacks is unmet.
Industry Analysis
Michael E. Porter, Author of five forces model, said "Understanding the competitive forces, and
their underlying causes, reveals the roots of an industry 's current profitability while providing a
framework for anticipating and influencing competition (and profitability) over time," The following
industry analysis of NautreBox is based on the Porter five force model.
1. Threat of Substitutes. UrthBox and Gra are more representative competitors on the market.
Compared to NB, UrthBox 's snacks are relatively weak and can only be delivered once a month;

Gra 's prices are slightly higher and there is no box of choice. Another competitor, Love With Food,
offers a meal for the

Venture Capital : Investment Capital
Introduction
Venture capital has originated out of the need for non–conventional, high risk finance for new
ventures rooted on innovative entrepreneurship. Venture capital is typically an investment in the
form of equity, quasi–equity and sometimes debt made in novel or untested concepts, championed
by a technically or professionally qualified entrepreneur. Venture capital is risk capital. It refers to
capital investment, both debt and equity, fraught with substantial risk and uncertainties. The risk
anticipated may be very high so that possibilities of high loss exists. However, if successful it can
yield high returns. Venture Capital Definitions
There is no single definition of Venture capital. Jane Koloski Morris, editor of the reputed industry
publication, Venture Economics, describes venture capital as 'providing seed, start–up and first stage
financing ' and also 'funding the expansion of companies that have already demonstrated their
business potential but do not yet have access to the public securities market or to credit oriented
institutional funding sources.
The European Venture Capital Association defines it as risk finance for growth oriented
entrepreneurial companies. It is an investment for the medium or long term seeking to maximize the
return for both the parties. It is a partnership forged with the entrepreneur in which the investor adds
value to the company owing to his knowledge, experience and contact network base.
Meaning of venture capital

Ktm Venture Capitalist's Exit
KTM CASE SUMMARY
I. Summary of the case
KTM company history
KTM is a designer and manufacturer of motocross, rally and cross–country racing motorcycle that
was created in 1934 in Austria. Since that time, KTM maintained a reputation for producing reliable,
high quality motorcycle, and for having an expertise in manufacturing core parts. Its marketing
focus has always been on building a brand image of a company with technological leadership, high
quality products and a legacy of championship titles.
In the late 1980s, propelled by the strong financial markets, a financial investor purchased KTM and
took the company private. Though KTM had a good reputation and quality products, it had too
many products, inadequate management, ... Show more content on Helpwriting.net ...
Harley Davidson community) * Not particularly focused on technology | | * Focus on young riders *
State–of–art bikes incorporating leading edge technology | | * Outstanding core competencies in
design and racing * Engagement of Yamaha's employee's toward the satisfaction of the end
consumer | | * Only motorcycle company that dominated the World Superbike Championship in
years preceding 2003 * Broad range of bikes (dual sport, sport touring, super sport) with leading
edge technology * Its development in the U.S. in early 2000's has supported Ducati steady growth | |
* Successful after sales strategies | | * Focus on young riders * State–of–art bikes incorporating
leading edge technology | | * Cruisers manufacturer * Incorporates technological innovation in its
bikes based on the parent company R&D department that also offers ATVs and snowmobiles |
Alternatives
In 2003 the global economic situation was flourishing with growth strengthening up to 3% in 2003
from

Joint Venture
Joint Venture
The globalization strategy our team is going to explore for Moonglow is Joint venture. We are going
to discuss the pros and cons to a joint venture along with some environmental factors that
Moonglow needs to consider before deciding on a location. We are also going to explore different
organization structures and give a recommendation on how to restructure Moonglow to succeed in
the global market. Lastly, we will describe ways Moonglow can expand internationally while
maintaining its eco–friendly practices and continue producing organic products.
According to Jones (2011) a joint ventures is a "strategic alliance among two or more organizations
that agree to establish and share the ownership jointly of a ... Show more content on Helpwriting.net
...
Moonglow's joint venture alleviates this limited knowledge. Our host nation partner is already
accustomed to doing business in their country and already has the knowledge of the regulatory laws.
Along with regulatory laws there are legal restrictions that prohibit certain resources to foreign
businesses. Joint ventures make it easy to bypass these restrictions and allow us access to raw
materials we may not normally have (Hall, 1984).
Along with the benefits of knowledge and resources, local governments favor collaborating with
businesses in their country. Many foreign governments offer special incentives to outside countries
if they enter into joint ventures. They see this as a way to bring employment, new technology and
skills to their local people (Hall, 1984). This is a win win for everyone.
Just as there are pros to joint ventures, there are also cons. The cons to entering into a joint venture
are flexibility, technology transferred, employees, and loyalty to the U.S. partners (Hall, 1984).
Moonglow may have limited flexibility when operating on foreign soil. Depending on the
breakdown of ownership, depends on the flexibility Moonglow will have. That is why it is important
to have everyone's roles spelled out. Many foreign countries do not have the paten controls that we
do in the U.S. Any technology that Moonglow brings into the joint venture has the

Case Analysis : Venture Capital
Small and young firms that are riddled with uncertainty and information asymmetries between the
entrepreneur and investor have great difficulty in financing their ventures (Gompers & Lerner,
2001). Venture capital (VC) firms act as financial intermediaries (LiPuma & Park, 2013), more often
that not acquire equity positions in the project as well as lend their influence on management (Barry
et. al, 1990). It is important to note the significance and importance of VC's to economic growth
where companies like Apple, Cisco Systems, Microsoft, and others were all invested in by VC firms
(Schmidt, 2003). The connection between the VC and the entrepreneur (E) has long been under
scrutiny, with the agency theory governing the rationalization of the relationship (Sapienza & Gupta,
1994). Agency theory can be described as the 'actions that focus on the protection of the investment
of the principal against the harmful behaviours of the agent' (Jensen & Meckling, 1976). Agency
risk arises by the inability and difficulty of supervising the conflicting goals of the entrepreneur
(Fiet, 1995). It initially arises in the VC–E relationship when the E approaches the VC for financing
(Sahlman, 1990), being propounded with the varying goals and risk profiles (Bruton et al., 1997).
Stewardship theory, similarly to agency theory emphases that there exists goal alignment between
the VC and E, however, it is seen that it proves to be inadequate in further explaining the
relationship as it assumes

What Is Joint Ventures
What is a Joint Venture?
Joint ventures can take on many looks, but the basic gist is that two or more companies come
together to pool their talents, resources and customer lists for the benefit of all. The joint venture
allows you to share advertising dollars for a more effective campaign and gives you the opportunity
to ride the coattails of a bigger, more established company in order to boost your reputation and
build your customer base.
Most joint ventures take place between related companies that share a similar target market, but do
not compete directly in the goods and services they offer.
Benefits of a Joint Venture
There are many reasons to consider jumping into a joint venture with another small business,
including: * ... Show more content on Helpwriting.net ...
* the objectives of the venture are not totally clear and communicated to everyone involved * the
partners have different objectives for the joint venture * there is an imbalance in levels of expertise,
investment or assets brought into the venture by the different partners * different cultures and
management styles result in poor integration and co–operation * the partners don't provide sufficient
leadership and support in the early

Walnut Venture Associates Case Analysis
Walnut Venture Associates
RBS Group is a complete accounting application solution provider targeting its products to software
companies. Their product, SOFTRAX, provides software companies with a full–package of
solutions spanning in financials, sales & marketing, customer support and software operations.
Robert O'Connor, RBS's founder and CEO was seeking a $2 million second round venture capital
financing to support their regional sales offices growth and recruit personnel in sales,
implementation & customer support. Though RBS is still a young company, it indicates to
position itself in a unique niche market within a solid market. They have seasoned management
team and have allied with several key clients and partnerships. ... Show more content on
Helpwriting.net ...
Although early adoption of two regional offices in late 1997 contributed to seven new customers and
$600,000 in revenue, further sales team expansion doesn't necessarily to lead a great incremental
growth. In addition, four additional offices are located in New York, Chicago, the Southeast and
Mid–Atlantic States, which don't cluster the pockets of concentration in the software market. The
second issue is related to challenges along with modified business model. RBS originally devoted
their time and spirit into business advisory and updating existing platforms and currently, means to
expand their value–add service in the future. Though their alternative product offering value–add
Web Order to SOFTWAX's web application has been successful, other future value–added products
may not meet the demand from customers. This aggressive strategy in value–add service area along
with geographical expansion into an international market increases future risk exposure for
persistent growth. Last issue is related to the fierce competition in the industry. Although RBS leads
a unique business model in the market, it operates in a highly congested replacement market for
internal systems. Some individual commercial product provider in financials, sales &
marketing, and customer support can expand their business line upwards

Venture Capital
Venture capital
Venture capital (also known as VC or Venture) is a type of private equity capital typically provided
to early–stage, high–potential, and growth companies in the interest of generating a return through
an eventual realization event such as an IPO or trade sale of the company. Venture capital
investments are generally made as cash in exchange for shares in the invested company.
Venture capital typically comes from institutional investors and high net worth individuals and is
pooled together by dedicated investment firms. A venture capitalist (also known as a VC) is a person
or investment firm that makes venture investments, and these venture capitalists are expected to
bring managerial and technical expertise as well as ... Show more content on Helpwriting.net ...
By far Whitney 's most famous investment was in Florida Foods Corporation. The company
developed an innovative method for delivering nutrition to American soldiers, which later came to
be known as Minute Maid orange juice and was sold to The Coca–Cola Company in 1960. J.H.
Whitney & Company continues to make investments in leveraged buyout transactions and raised
$750 million for its sixth institutional private equity fund in 2005
Early venture capital and the growth of Silicon Valley
One of the first steps toward a professionally–managed venture capital industry was the passage of
the Small Business Investment Act of 1958. The 1958 Act officially allowed the U.S. Small
Business Administration (SBA) to license private "Small Business Investment Companies" (SBICs)
to help the financing and management of the small entrepreneurial businesses in the United States.
During the 1960s and 1970s, venture capital firms focused their investment activity primarily on
starting and expanding companies. More often than not, these companies were exploiting
breakthroughs in electronic, medical or data–processing technology. As a result, venture capital
came to be almost synonymous with technology finance.
It is commonly noted that the first venture–backed startup is Fairchild Semiconductor (which
produced the first commercially practical integrated circuit), funded in 1959 by what would later
become Venrock Associates. Venrock was founded in 1969 by Laurance S.

Landscape Of The Venture Capital Industry
1. Introduction 1.1. Landscape of the venture capital industry Venture capital (VC) refers to financial
intermediary between institutional investors and private companies, often to finance new ventures or
growth of private companies. Venture capital is a subset of the larger private equity industry, which
refers to equity investments in privately–held enterprises. VCs are different from angel investors,
who are often erroneously considered the same as VC, in that VCs rely on raising a pool of capital
from limited partners (LP), and invest on their behalf as general partners (GP), via a limited
partnership that is the actual fund (VC firms often manage several funds). The limited partnership
model define certain characteristics of VC ... Show more content on Helpwriting.net ...
Another important characteristic that separates VC from Angel investors and CVC is the fundraising
process. VC firms need to raise new funds periodically, which increases the pressure to have
positive periodic returns and high–profile investments to assist with future fundraising rounds. The
VC industry itself is divided on the basis of the different stages of investment. Angel investing refers
to individual investors, who are often the first group of investors in a new enterprise, who provide
capital and mentorship. Angel investors invest in companies before VC firms, who invest in the next
round of fundraising, what is often dubbed as Seed Stage, which accounts for about 2% of total VC
investments (NVCA). At the Seed Stage, the portfolio company has just been founded, and its
product is still in development. (NVCA) Clearly, at such an early stage, it is nearly impossible to
make any meaningful financial projections, since the company lacks a product to offer. The next
stage in VC financing is dubbed as "Series A". From an operational standpoint, there are very few
differences between Series A and Seed Stage, since at time of a Series A fundraising, the company's
product may still be in development, (NVCA) or has just been finished to a viable level to allow for
a pilot product launch, testing the market and commercialization potential of the company.
Similarly,

Crowdfunding of Small Entrepreneurial Ventures
Authors: Armin Schwienbacher & Benjamin Larralde
CROWDFUNDING OF SMALL ENTREPRENEURIAL VENTURES Book chapter forthcoming in
Handbook of Entrepreneurial Finance (Oxford University Press) Date: September 28, 2010 (final
version) Armin Schwienbacher, Professor of finance, Université Lille Nord de France, Faculté de
Finance, Banque et Comptabilité, Rue de Mulhouse 2 – BP 381, F – 59020 Lille Cédex (France);
+33 3 20 90 75 34 ; armin.schwienbacher@univ–lille2.fr. SKEMA Business School, Avenue Willy
Brandt, F – 59777 Euralille (France); armin.schwienbacher@skema.edu. Research fellow,
University of Amsterdam Business School, Roetersstraat 11, 1018WB Amsterdam, The Netherlands;
a.schwienbacher@uva.nl. Benjamin Larralde, Master student at the ... Show more content on
Helpwriting.net ...
14 Description of the company and the crowdfunding round ...............................................................
14 Out of necessity? ...............................................................................................................................
14 Communicate to everybody but just select a few.............................................................................
15 Investing more than money ..............................................................................................................
15 On legal matters ................................................................................................................................
16 Some lessons from Media No Mad ...................................................................................................
17 CONCLUSIONS
....................................................................................................................................... 19
2
INTRODUCTION An inherent problem that entrepreneurs face at the very beginning of their
entrepreneurial initiative is to attract outside capital, given the lack of collateral and sufficient cash
flows and the presence of significant information asymmetry with investors (Cosh et al., 2009).
While different investors exist for larger amounts of capital such as VC funds and banks,
entrepreneurial initiatives that require much

Joint Venture Failures
A joint venture is a contractual agreement joining together two or more parties for the purpose of
executing a particular business undertaking (InvestorWords, 2008). Some of the most significant
benefits gained from joint venturing include, a reduced risk of both companies resulting from capital
and resource sharing, the opportunity to increase sales, and enhance technological capabilities
through research and development underwritten by one party (INC, 2009). Joint ventures also
provide a mode for entering foreign markets because the partnering companies join complementary
skills and knowhow with local firms (Qiu, 1984). Companies often jump into joint venture
agreements blinded by these benefits and often fail to research the risks ... Show more content on
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The total investment in joint operation would equal ten million dollars. Although the common goal
between the partnering firms was to successfully extract high quality stone, each firm had its own
individual goal of how to benefit from the project. The difference in goals was a result in the
difference in the financial risk, operating risks, and contributions from each company (Chalos,
2002). Prosperity Ltd's goal was to secure a payback term of five years and continue operations with
high profit, they would have a high operating risk and a high financial risk. Tomiyama construction
Machinery Ltd's goal was to secure initial inroads for the sale of heavy machinery to the Peoples
Republic of China market, they would have a low operating and a low financial risk in the joint
venture. Tagawa Crush Stone International Ltd's goal was to secure source of supply of stone for the
Japanese market, they would have a low operating risk and a low financial risk in the joint venture.
Finally, Tien Shan Ltd's goal in the joint venture was to share a stable return from the quarry
operations, and to ensure employment of local Chinese citizens, they would have a minimal
operating risk and no financial risk in the joint venture (Chalos, 2002). From the combined
resources of each partnering company, the joint venture was able to begin construction in March of
1995, and was able to output the quarry stone

Is Venture Capital A Major Creator Of Innovations?
Governments around the globe have been trying to stimulate economic growth by encouraging
entrepreneurship and creating innovations. Many entrepreneurs with brilliant ideas had limited
availability of financial resources. For more then thirty years Venture Capital was able to match
bright ideas of entrepreneurs with cash–rich investors, benefiting the economy by creating new jobs
and generating wealth. This topic is specifically interesting to investigate due to the lack in current
research on the question "Is Venture Capital a major creator of innovations in Silicon Valley?"
Existing papers have been analyzing the impact of VC on the economies of Israel and European
Union, but nothing was specifically related to the technological heart ... Show more content on
Helpwriting.net ...
The benefits of VC is not only financial, investors provide an important strategies and guide to
success. Silicon Valley is a well known home for startups. Much technological advancement would
have never occurred if Venture Capital wouldn't invest a huge portion of their capital into the region.
The first glance at statistics revealed that most of the funds invested into the region have not left the
perimeter for over 20 years. Investors are particularly optimistic about the opportunities available in
the area. Instead of reallocating funds after projects have come to the end, Venture Capital firms
choose to keep their investments in the Silicon Valley constantly searching for new opportunities.
Due to this information I would state my hypothesis: Without Venture Capital, Silicon Valley would
not be as progressive as it is today. Many of the existing research has concluded that VC plays a
significant role in many economies. While entrepreneurship and small businesses plays a
tremendous role in the economic growth, it was proven that those that have received capital directly
from VC have shown an accelerated development and were able to benefit the economic growth
faster than those who got financing elsewhere. Recent research have shown how Israel is
successfully adopting the idea of Venture Capital. Economy is benefiting from technological
innovations, increase in employment and output, patented technology, and most importantly
contributes

Venture Budgeting and Forecasting Essay
Venture Budgeting and Forecasting
Kyra M. Johnson
Finance 375
Robert Sparks
June 4, 2012
Venture Budgeting and Forecasting Many Americans live with self–care disabilities. The Americans
who chose to remain home is increasing as the cost of assisted living facilities increases. The
decision to remain in home stimulates from the increasing cost of assisted living facilities as well as
the ease of remaining in a familiar environment. Though the decision brings challenges, many
Americans chose to seek in–home assisted living services. As the demand for assisted living
requirements increases it is evident that there is a consumer need and a business opportunity to meet
the needs of those consumers, (US Census Bureau, 2006). Despite ... Show more content on
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The agency will not need any other equipment. The manager will orchestrate marketing and
advertising in–house and the cost consists of paper supplies, ink, and a mailing services and the
initial cost is $5,000. The total startup cost for the agency is $8,500 and the start up cost at this time
is out of pocket. The agency wants to possess at least $100,000 in working capital for any additions
in employees, or for unexpected expenses. The owner understands that at startup the business will
need two full–time contracts to maintain monthly expenses as well as retain reserve capital. The two
contacts total an amount of $5,000 and the monthly expenses for the agency total $2,483 and as one
can see, there is about a 50% profit margin at start–up. In the event the agency decides on obtaining
capital by means of acquiring bank loans, private investors, angel investors, and loans from the
small business administration, the organization is in position to provide evidence the agency can
meet financial responsibilities. As the organization grows, the agency will have to increase
employees, create assistant management positions, marketing positions as well as other support staff
and at that time if the capital is not available the agency will have to find additional capital to cover
expansion expenses, or the agency will find other financing options in the area of government
grants, economic stimulus grants, and business expansion

A Joint Venture Company
From the point of view of a general manager in a JVC there are many things to take into account
during the day–to–day management. It is likely to be different from normal organization since
employees are formed by people from different countries which have different tradition while at the
same time the manager has to face possible divergent requirements from the patent companies.
Some issues could happen during the short to long run and may have huge impact on the JVC.
Therefore solutions and suggestions will be given in order to minimise the impact they have on the
long–term survival of the JVC.
2 Employee performance challenges
2.1 Culture differences
The creation of a joint venture company (JVC) is to combine forces from two or ... Show more
content on Helpwriting.net ...
2.1.1 Building the team
Tuckman (1965) suggested that there are 4 stages of development that a team will go through which
are forming, storming, norming and performing. The first stage forming is when people come
together to get to know each other and try to avoid conflict at the same time. During this stage there
should be no obvious issues for the manager because people are just trying to get to know each other
and trying to learn what to do next. On the other hand the situation on the following stages could be
more challenging. During the storming stage employee will start to have conflict with each other.
These conflicts could be caused by differences in culture and working style in previous company
where employee may find hard to adopt. If the problems were not fix properly then it is possible that
the team can stay together any longer. The third stage is when team members had overcome all the
conflicts and members started to bind together where they will be supportive and respect each other.
The general manager should be alerted at all times even at this stage because may be people
compromise only due to the fear of losing their job. They will then reluctant to share ideas that
might improve the performance because it might just create another possible conflict.
2.1.2 Employee relation
Good employee

Venture to Find Success
"Nothing ventured nothing gained" is one of the most famous lessons learned by many successful
people. Laura Patrick, the author of 850 Magazine, wrote: "There is no doubt that the number of
venture and angel investors in an area is directly proportional to the number of successful start–up
companies". As an ambitious, aspiring person, my career conception is a job that can bring me stable
revenue even when confronted with challenges. Business is typically the leading way for people
who start up their career to gain wealth. Therefore, I would like to be a businessman in landscape
design and construction, including designing and erecting gardens, building private residential
landscaping, park projects, recreational facilities, airports, hospitals. What I need to be successful in
my career is experience, education, and a business plan. To begin a business, the business plan is
essential to insure that my business can bring profit and minimize the risks of the business.
Customers are more and more demanding on service qualities, price, and guarantees, after sale
services. Arlette Measures, a health and business writer, states that, "creating a solid business plan is
the first step toward success in your business venture. From obtaining funding to hiring employees
to planning for expansion, a business plan can be your guide to keeping your business on track. Your
business plan can keep you focused on your goals and keep you moving forward when faced with
obstacles". I

Financial Ratios and Venture Investor Attractiveness
WEEK 1 HOMEWORK | Entrepreneurial Finance | Professor: Caryl Pedersen | | Roxanne Robinson
| 5/12/2013 | Chapter 1: Exercises/Problem #1 pp.33–34 1. [Financing Concepts] The following
ventures are at different stages in their life cycles. Identify the likely stage for each venture and
describe the type of financing each venture is likely to be seeking and identify potential sources for
that financing. A. Phil Young, founder of Pedal Pushers, has an idea for a pedal replacement for
children's bicycles. The Pedal Pusher will replace existing bicycle pedals with an easy–release
stirrup to help smaller children hold their feet on the pedals. The Pedal Pusher will also glow in the
dark and will provide a ... Show more content on Helpwriting.net ...
LearnRite estimates that venture investors should earn about a 40 percent average annual compound
rate of return. | 2011 | 2012 | 2013 | 2014 | 2015 | Revenues ($M) | 1.0 | 9.6 | 30.1 | 67.8 | 121.4 |
Year–to–Year Annual Sales Growth (%) | | 860.00 | 213.54 | 125.25 | 79.06 | Annual Compound
Sales Growth (%) | | 860.00 | 1405.00 | 2160.00 | 2935.00 | C. Estimate LearnRite's expected market
share in each year based on the given data. | 2011 | 2012 | 2013 | 2014 | 2015 | Revenues ($M) | $1.0 |
$9.6 | $30.1 | $67.8 | $121.4 | Expected Growth Rate (%) | 30 | 30 | 30 | 30 | 30 | Market & OP
Expenses | 3.0 | 5.0 | ? | ? | ? | NPM (%) | | | 10 | 10 | 10 | Expected Market Share (%) | 10 | 74 | 1.78 |
3.09 | 4.25 | D. Estimate the firm's net income (loss) in each of the five years. | 2011 | 2012 | 2013 |
2014 | 2015 | Revenues ($M) | $1.0 | $9.6 | $30.1 | $67.8 | $121.4 | Expected Growth Rate (%) | 30 |
30 | 30 | 30 | 30 | Market & OP Expenses | 3.0 | 5.0 | ? | ? | ? | NPM (%) | | | 10 | 10 | 10 | Expected
Growth Profit ($M) | .30 | 2.88 | 9.03 | 20.34 | 36.42 | Loss | (2.70) | (2.12) | 3.01 | 6.78 | 12.14 | E.
Estimate the firm's ROA beginning when the net or after–tax income is expected to be positive. |
2013 | 2014 | 2015 | ROA ($M) |

Social Entrepreneurship and Venture Capital
Research Paper on Social Entrepreneurship and Venture Capital/Start–Up Funding
Nothing can be nobler than wanting to improve the conditions of the world both on an
environmental and sociological level. Those individuals and businesses that choose to take on
society 's problems are a special breed and they face an uphill battle not only in performing their
work, but finding the financial resources to grow the business so that it can fulfill its mission. This
paper will examine the industry of social entrepreneurship and how venture capital funding is
playing a role in improving life for all.
First, to define what a social entrepreneur is. According to one widely accepted definition, social
entrepreneurs "adopt a mission to create ... Show more content on Helpwriting.net ...
This is not the case with most social enterprises where the profits are reinvested back into the
business and not distributed to owners or shareholders. Thus, non–surprisingly, the venture capital
market is much smaller for this industry, but it does exist and it is robust.
In 2003, the Rise Initiative on Social Entrepreneurship (RISE) completed a comprehensive study on
the venture capital market for social funding. The researchers sought answers to two main questions:
• "Are there sources of equity capital that will make it more likely for a company with both
financial and social or environmental objectives to succeed?
• How much capital is available from these sources and what are their own objectives for success?"
(Clark, Gaillard)
The RISE study provides the most in–depth picture on the venture capital (VC) funding for social
causes. The study found that there is over $1.9 billion of total capital available for investing, and the
wealth is spread over many specific interests such as healthcare, education, the environment, the arts
and international development. This diversity led the researchers to classify the VC market into four
funding types: VCs with a conscience; VCs with an industry change focus; VCs with a focus on
leadership or development and the nonprofit social investment VC fund. Please see appendix A for a
detailed

New Venture and Strategic Thinking
INTRODUCTION
"A new venture is a company established to commercialize the technology or innovation that was
created"(http://www.ipadvocate.org/assistance/terms/index.cfm#N, 2012). In this is case, six
individuals created a vibrant group that worked together as an entrepreneur and focused on the
formation and the success of the new organization named, 'RR Financials'.
The computer software business started with a bank balance of £10000. It endured a rough start but
eventually started making sufficient sales and profits. At the end of the first year, it made a net profit
of (£382) with a bank balance of £7,607. In the last month of the second year the business obtained
a net profit of (£662) but a greater bank balance of £19,373. We also ... Show more content on
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In May 2014 we went bankrupt with a closing balance of (£4,764) which went down to (£14,355) in
June 2014. We then applied for a loan from friends and family and received £3,000 at an interest rate
of 6%. We changed our supplier to source line as we thought it would benefit us better with its
terms. We also had to contract out a few of the products for a few months and therefore decided to
go full–time with the help of our loan and first relocated to a 250sq.ft Business center costing us
£313 per month. Then by increasing the entrepreneur's salary to 1000 we went fulltime in October
2014. By then our bank balance had bounced back up because of the increase in sales from the
different distributers and we ended the year with a net profit of (£662) and a closing bank balance of
£19,373.
YEAR THREE
Our business ran extremely well this year as we realized previous errors and tried to correct them.
We first changed our credit control strategies and reinforced action to be taken. Then we accepted
another distributer contract with 'Rad', which provided us with almost double the amount of orders.
We increased the entrepreneur's salary for better satisfaction. We realized the importance of
obtaining finance. Till now we were relying on personal Finance so now we decided to start looking
for investors and succeeded in finding one. With more money flowing into the business we decided
to spread further awareness and we

New Venture Opportunity Essay
PART 1: VENTURE OPPORTUNITY, CONCEPT AND STRATEGY Question 1: Describe the
opportunity that attracts you and why you think it is a new venture opportunity. Opportunity is a
condition that can benefit or bring success to an emerging or established to be taken immediately.
Opportunities are usually approaching a person in a state of vague and uncertain. Someone who is
competent and willing only to be nabbed opportunities that exist in front of him. Slow grab the
opportunity to escape to the hands of others. Every business starts out opportunities that can be
identified and taken the opportunity to be developed. The existence of a business opportunity to
offer products in a given market depends on changes and trends in environmental ... Show more
content on Helpwriting.net ...
iii. It gains buy–in and support for the effort from all stakeholders by making them an integral part
of its development, planning, implementation, and evaluation. It becomes their effort, and they'll do
their best to make it work. iv. It's fair to everyone. All stakeholders can have a say in the
development of an effort that may seriously affect them. v. It saves you from being blindsided by
concerns you didn't know about. If everyone has a seat at the table, concerns can be aired and
resolved before they become stumbling blocks. Even if they can't be resolved, they won't come as
surprises that derail the effort just when you thought everything was going well. vi. It strengthens
your position if there's opposition. Having all stakeholders on board makes a huge difference in
terms of political and moral clout. vii. It creates bridging social capital for the community. Social
capital is the web of acquaintances, friendships, family ties, favors, obligations, and other social
currency that can be used to cement relationships and strengthen community. Bridging social
capital, which creates connections among diverse groups that might not otherwise interact, is
perhaps the most valuable kind. It makes possible a community without barriers of class or
economics, where people from all walks of life can know and value one another. A participatory
process, often including everyone from welfare recipients to bank officers and physicians, can help
to create just this

Common Characteristics Of A Joint Venture
A joint venture (JV) can be mean by, an enterprise, co–operation or partnership that formed by two
or more companies, individuals or organizations. However, there must be at least one of the parties
working as an operating entity that wishes to broaden its activities for the purpose of conducting a
new, profit motivated business of permanent duration. In general, the ownership, profit and risk are
shared by every parties or participants in joint venture with more or less equal equity distribution
and without absolute dominance by one party.
An "operating joint venture" is a partnership through which two or more firms create a separate
entity to carry out a productive economic activity in which each partner take part in decision
making. Each party of the operating joint venture makes a substantial contribution in the form of ...
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While a partnership concerns ongoing business in all regards, a joint venture only concerns a single
project or a related series of transactions. Here are some other common characteristics of joint
ventures: (Kourosh Akhbari,2015)
i.Profits and expenses: Unless otherwise agreed to, joint venturers share profits and losses equally
ii.Duration: Unless otherwise specified, a joint venture terminates upon the completion of the
project or series of transactions iii.Termination: Unlike a partnership, a joint venture does not
terminate upon the death or incapacitation of one joint venturer. Additionally, a joint venturer does
have the power to terminate the relationship at any time once the project or transaction is complete.
iv.Control: The right of each joint venturer party to control and manage all of the property to be used
in the venture
v.Contract: The existence of a contract, whether oral or written, between the parties to engage in the
venture together
3.0 Types of Joint Venture in construction Industry
Integrated Joint

A Joint Venture With Pernod Ricard
The Republic of Poland, also known by its shortened name of Poland, has strong ties to the United
States. America has been a very powerful ally to Poland for many years. The spirits sector of
Poland's alcohol market is quickly growing with the vodka segment as one of the country's largest
sources of income. As a lucrative business already established in the US and attempting to enter
Polish markets, we will enter a joint venture with Pernod Ricard, a very successful alcohol and
spirits company with operations here in America and abroad in Poland. Through an in–depth look at
Poland's spirits market we will provide support for why we are choosing to enter Poland through a
joint venture and how we plan to control our abroad operations. A strategic plan detailing how we
will use our joint venture and then market, position, price, and promote our products are also
included..
Pernod Ricard is an extablished alcohol and spirits company with operations in both the US and in
Poland. In the past it has entered two lucrative joint ventures. The first took place in 1993 with
Havana Club International, which was a 50/50 joint venture (Pernod Ricard, 18). In 2011 Pernod
Ricard entered into a joint venture with Tequila Avión but it only held a minority percentage of 20%
in this joint venture until recently (Viladon). In July 2014, it spent approximately $100 million to
gain the majority share in this joint venture giving it control with 84% (Viladon). With this joint
venture Pernod Ricard

Venture Capital and Tech Coast Angels
9–808–064 REV: OCTOBER 21, 2010 PRICHARD G. HAMERMESH LAUREN BARLEY De
ermaCa Zap are: pping Z Dir Zits rectly It w a rainy Saturday mor was S rning in late N November
20 005, and Pete Scocimara p er pulled on his Croc s shoes to take his rambunctiou golden ret us
triever Jasper for a walk. Walking the dog would give r e d Scocim mara some much–needed time to
clear his head an prepare fo a Monday m r nd or y–morning me eeting with the cofounders of his co
ompany, Der rmaCare, Inc Headquarte c. ered in Live ermore, California, Derm maCare was a start–
up ven nture that pla anned to mar rket its Therm maClear acne e–treatment d device direct to
consum tly mers using dire response t ect ... Show more content on Helpwriting.net ...
ght resident and Fellow of Harvard Coll ws lege. To order copie or request perm es mission to
reproduc materials, call 1–8 ce 800–545Copyrig © 2007, 2010 Pr 7685, wr Harvard Busin rite ness
School Publish hing, Boston, MA 0 02163, or go to http://www.hbsp.harv vard.edu. No part of this
publication may be n reprodu uced, stored in a retrieval system, used in a spread dsheet, or transmit
tted in any form or by any mean ns–electronic, mec chanical, photoco opying, recording, or
otherwise–with o hout the permission of Harvard Busin n ness School. 808–064 DermaCare:
Zapping Zits Directly DermaCare Cofounders Luiz Da Silva Da Silva, a native of Canada, received
a PhD in physics from the University of British Columbia in 1988. Soon thereafter, Da Silva moved
to California for the opportunity to work with "the world's most powerful laser" at the Lawrence
Livermore National Laboratory (LLNL). By 1997, Da Silva was ready for a new challenge. He and
his boss then started the medical technology program at LLNL, and Da Silva explained his role as
its associate program director: Our mission was to take technology and patents developed at the lab
and transfer them to the medical industry. My first experience was to pitch some technology the lab
had for treating strokes. We visited some VCs, and eventually a group of VCs found a CEO and
formed a startup to license and commercialize our technology. I was the

Advantages And Disadvantages Of Venture Capital Funds
VCs – Who they are, who they fund in India.
Venture capital, as we use the term, refers to one type of private equity investing. Private equity
investments are investments by institutions or wealthy individuals in both publicly quoted and
privately held companies. Private equity investors are more actively involved in managing their
portfolio companies than regular, passive retail investors. The main types of financing included in
private equity investing are venture capital and management and leveraged buyouts.
Venture Capital Funding Process
Venture Capital financing is usually a five–phased process, and may get extended subject to the
performance of the venture being funded. These five commonly found stages are as below:
1. The Seed Stage
In most cases seed–stage financings are small amounts of first ... Show more content on
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There is exchange of information through multiple phone calls, emails, interviews, product and
business strategy assessment, etc.
Step 4 – Term Sheets and Funding
Upon successful completion of due diligence, the VC hands over a Term sheet to the entrepreneurs.
This document lays down the details of the basic terms and condition of the agreement between the
two parties. Once the legalities of the document are completed, the funds are made available to the
firm.
The determinants of venture capital funding
Venture capital has been the driving force behind some of the most vibrant sectors of the US
economy over the past two decades. Venture capitalists were instrumental in fostering the
tremendous growth of firms such as Microsoft, Compaq, Oracle, and Sun Microsystems, which
were all founded less than 20 years ago, but have rapidly become dominant players in the high
technology arena. While the contributions venture capital makes to the economy overall are
underexplored, there exists a widespread belief that

The Russian Venture Capital Market
An entrepreneur looking to fund his/her startup in Russia can do so in many different ways,
including but not limited to angel investment, venture capital investment, crowdfunding and
government funding. This essay will explain how each of the above mentioned options works and
which of the options is more beneficial for different types of startups, especially in the condition of
current adverse macroeconomic condition. It is notable that even though getting a funding through
all of this ways is possible, the one that guarantees the most stability and support is getting funding
through the government. Unfortunately, due to unstable financial situation venture capital funds are
not ready to invest in many businesses, and at the same time ... Show more content on
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Unfortunately, very few of them had survived through the default of 1998, and in 1999 the
government had passed a bill that developed a strategy for funding high–risk projects. The result of
this bill was a Venture Investment Fund that formed the structure behind the Russian start up market
and started annual venture fairs, which provided the first ever networking opportunities between the
entrepreneurs and investors in the country. The most promising sector was proven to be IT, with
such companies as Yandex (NASDAQ: YNDX), Rambler, Ozon, Mail Group (LSE: MAIL), and
others being the first recipients of these investments.
Private Equity and Venture Funds
Needless to say, that the adverse macroeconomic situation of Russia is being reflected in the venture
market. First decreases in volumes began all the way in 2013, with increased volatility on the
currency market being the major driver behind all the main key performance indicators. As noted by
Sai Agnihotram, Junior Risk Officer at a Germany–based microcredit startup, Kreditech "Entering
2–3 projects is very risky and way too little for diversification. With associated risks, investors have
to come in only big. This is why, many of them are hesitant to enter the market at all." Within the
first 3 quarters of 2015, the overall number of investments decreased to 155, which is 66% of the
investments done in the same period of 2014. The

Angel Investors And The Venture Capitalists

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