The Secrets of Wall St. Course – Why Entrepreneurs Fail
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Question 1 of 11
1. Question
In the beginning stages of your Company’s existence, you are working from a “relative position of strength” when approaching strangers for investment capital.
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Question 2 of 11
2. Question
$500,000 to $1,000,000 is normally an appropriate amount for seed capital followed by a $5,000,000 to $10,000,000 round of development capital for most operating companies.
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Question 3 of 11
3. Question
Entrepreneurs spend considerable time building their company or developing their project—i.e., intellectual property—with little or no capital.
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Question 4 of 11
4. Question
Skin in the game means what?
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Question 5 of 11
5. Question
A detailed Estimated Use of Proceeds and Sources and Uses statements when conducting a securities offering is mandatory for securities compliance.
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Question 6 of 11
6. Question
Providing investors with a first or forward lien on assets is not important in the start-up or early stages of a company because those assets aren’t worth much.
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Question 7 of 11
7. Question
Hybrid securities, such as; convertible notes, convertible bonds, and or convertible preferred equity can easily provide a first or forward lien on assets.
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Question 8 of 11
8. Question
Using a business plan to attract individual investor capital rarely works and if done incorrectly, it can be very dangerous, as it may be in violation of US securities laws.
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Question 9 of 11
9. Question
An IPO or an outright sale of a start-up or early stage company (or its assets) is an excellent exit strategy.
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Question 10 of 11
10. Question
If the arrangement of your management team is contingent upon financing, it is wise to ensure it with signed contingent-commitments letters from each potential management team member before you include their backgrounds, biographies, and responsibility statements in a securities offering document.
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Question 11 of 11
11. Question
It may be better to have 100 investors in your deal with a $5,000 investment per investor (totaling a $500,000 equity raise) than it is to have 5 investors in at $100,000 each.
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