Fi512 Entrepreneurial Finance Essay example

Fund flows are positively related to past performance, and better performing partnerships are more likely to raise follow-on funds and larger funds. Figure 1 aggregates the historical returns of Exhibition 1 and compares them to the fund sizes of Accel since 1983 vintage. The graph shows that there is a positive correlation between the historical returns of both the average and upper quartile with the fund size of Accel. However, it can be seen that as returns for top performers and average VC funds decline after 1996, Accel was still able to increase its fund size by 83%. Accel continued ability to raise larger funds implies not only the success of the company’s past strategic performance but also the existing high demand for investing with Accel. Hence, it would be justified that for the latest VC fund Accel has proposed to charge a carried interest of 30% rather than 20%. Our analysis then looks into this latest VC fund, Accel Partners VII, and forecasts the NPV and IRR of the investment under specific standard assumptions. Table 2 shows a part of our NPV and IRR calculations under different steady growth rate. It should be noted that for investors to be indifferent between investing in a typical 20/80 VC fund versus the 30/70 Accel VII fund, Accel must outperform the average in every NPV and IRR

Confidentiality at workplace is important because it shows that there is trust between yourself and your colleagues. At the beginning of your employment you will sign a contract of confidentiality to make sure what is said in the office doesn’t leave the office. Also it is part of the database protection act. The benefits of confidentiality are that you know whatever is said within the office environment treated with the strictest confidence and also it means you are able to have a level of trust within the office and also with your colleague.

1. Describe the background of auction: contents, name of auction house, time, location, history of auction house, etc.

1. Please conduct a financial ratio analysis using the data in Exhibit 2. How do the results reflect different strategies pursued by the 4 firms?

Profit came from consulting and e-discovery services with a 30/70 revenue. The market started to shift toward e-discovery and with the acquisition of Docuity SF created an ambitious new profit target of $72 million, 50% from consulting and 50% from e-discovery. This economic goal set a clear path towards e-discovery and larger role of examiners in the organization.

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

The sales of SG will total $425,200 with $93,600 from subscriptions and $331,600 from sales of gardens. Revenue for year two raises to $756,800 with $280,800 from subscriptions and $476,000 from sales of gardens. Revenue of the third year increases to $1,109,800 with sales of gardens increasing to $595,000 and subscription revenue to $514,800. Year one to two experiences a 77.8% growth and year two to three experiences 46.7% growth. These numbers are reasonable based on how diligently SG invests in marketing and sales. The reason growth fades from 77.8% down to 46.7% is due to the unlikeliness that extremely high and consistent growth will be sustainable for long periods of time.

Q.3 Why Superior Improved Profitability during the period January 1 to June 30, 2005? How useful was the data in Exhibit 4 for the purpose of this analysis?

As we discuss above there are many sources of finance for company to choose but we must consider about elements related risking, legal, financial and dilution of control and bankruptcy.

The second theme of recent years is the RBV of the firm, which posits that strategy (and

Different Opportunities for Sourcing Capital for the new venture / Benefits and Dis-benefits of each funding source:

Venture capital plays an important role in the financial industry. In this part, we will introduce the concept, the participants, the differences with the traditional financing and the process of venture capital.

Apart from all secondary research above, primary research on target market is also important to organisations as conducting up-to-date data from the target market can help businesses spot on the current interest and satisfaction of potential customers in the services and the industry (Burns, 2016; Allen, 2012). The online survey of English tutoring school in Dong Khui has been conducted on 20 potential customers in the area and the results show that 80% of the participants aware that English is very important and preferred to learn English in tutoring school (see Figure 5 and Appendix B). Moreover, there are 11 participants that willing to apply for the school and 8 participants that likely to interest in applying for the school, thus,

• Detail the financing requirements of your venture including both debt and equity, and the source of the funds.

Business is concerned with the production and distribution of goods and services for the satisfaction of needs of society. For carrying out various activities, business requires money. Finance, therefore, is called the life blood of any business. A business cannot function unless adequate funds are made available to it. The initial capital contributed by the entrepreneur is not always sufficient to take care of all financial requirements of the business. A business person, therefore, has to look for different other sources from where the need for funds can be met. A business can raise funds from various sources. Each of the sources has