Entrepreneurship - Lecture 08 & 09

Money owed to a company by its customers is referred to as ________.

Which of the following is NOT examples of bootstrapping methods?

________ is a company's ability to meet its short-term financial obligations.

Venture capitalists are individuals who invest their personal capital directly in startups.

The common sources of "personal" financing for a startup firm are personal funds, friends and family, and bootstrapping.

The pro forma income statement shows the projected flow of cash into and out of the company during a specified period.

Beyond their own funds, the second source of funds for many new ventures is ________.

Financial management deals with two things—managing a company's finances and ________.

Equity funding is not a loan and the money received is not paid back.

Which of the following was NOT identified as one of the four main financial objectives of a firm?

________ are limited partnerships of money managers who raise money in "funds" to invest in startups and growing firms.

The vast majority of founders contribute personal funds along with sweat equity to their ventures.

A(n) ________ is a snapshot of a company's assets, liabilities, and owners' equity at a specific point in time.

Stability is a company's ability to meet its short-term financial obligations.

The first sale of stock by a firm to the public is referred to as a(n) ________.

Historically, commercial banks have been viewed as an excellent source of financing for startup firms.

________ financial statements reflect past performance and are usually prepared on a quarterly and annual basis.

Most business angels remain fairly anonymous and are matched up with entrepreneurs through referrals.

Debt financing means exchanging partial ownership in a firm in exchange for cash.

Income statement records all revenues and expenses for a given period and shows if the firm is making a profit or loss

Bootstrapping is the process of combining personal funds, equity investments, and bank financing to launch a business.

The seed money that gets a company off the ground typically comes from ________.