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Essay / Research Paper Abstract
This 4 page paper is written in 3 parts looking at articles supplied by the student. The paper summarises two articles looking at the way businesses raise start up capital and prepare initial projections. The last part of the paper answers questions on the start up of Google.
Page Count:
4 pages (~225 words per page)
File: TS14_TEstartup.rtf
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Unformatted sample text from the term paper:
attention is the raising of venture capital but in most start ups this is not really an issue as most business that are started are have boot strap financing.
In 1987 there were 631,000 start ups in the United States, measured by the number of new incorporations. Only 1,729 were financed by venture capitalists and only 232 were true
start up with 112 seed financing cases. About 80% of businesses will provide their own start up capital from personal savings, the use of credit cards, personal loans and in
one case a bouncing $50 check. Growth was funded by debt retained earnings and the average start up capital was $10,000. Part of the reason for the low level
of venture capital involvement, despite many tax advantages is the low level of return, in one study it was found that 60% of then profits created by venture capital investment
came from only 7% of investments, and larger investments were easier to secure than smaller investments with even $1 million being seen as small. The majority of start up
do not need large amounts of capital as they often begin by seeking to access a niche market where a gap in the market has been noted., this also prevents
the need to compete with large suppliers. There are also advantages to not needing venture capital, such as the lack of external influences and pressure to meet goals set
by investors, lack of flexibility in the company strategy and the ability to make mistakes without repercussions. Bhide sets out ten steps to success. These are to get operational quickly,
to pursue fast break even and cash generating projects, to offer high value products that can sustain personal selling, to forget about getting the right team using the resources that
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