...Discussion Board Number Three Liberty University Introduction “Cash is king" is a common line found in the business world. Cash flow is the life-blood of a company and without it a company will fail (Hicks, 2012). There are many things that can occur that makes companies take risks that could potentially jeopardize their cash flow such as new projects, growth, capital budgeting. The Chief Financial Officer (CFO) of TaxCats, a struggling tax preparation company is assigned to fix the problem and help with the company’s cash flow. The company still has a positive cash flow, at best it is minimal. Unless there are changes done at the company, it will go under soon. Luckily, the product development department has recently created a new product that will revolutionize how the industry does business. The only problem is that the product is still two years away from being able to be sold to the public, and the company’s cash will run out within the next six months. Obtaining Funding According to Goins and Little (2014) the first source of funding look at when searching for additional funds is crowdfunding. Crowdfunding allows for a smaller pool of investors to fund the company with less restrictions. It is allowed under the JOBS Act that launched January 1. It is geared towards the early stages of business and can be combined with venture capital funding. It can ideally be used in the early stages of a business, especially if you don’t qualify for a bank loan, and...
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...Table of Contents CROWDFUNDING IN PAKISTAN: WHAT MOTIVATES THE CROWD TO INVEST IN START-UPS? 2 Introduction: 2 Literature Review: 3 Research Methodology: 7 Findings: 8 Conclusion: 10 Works Cited 11 Appendix (interview guide) 12 CROWDFUNDING IN PAKISTAN: WHAT MOTIVATES THE CROWD TO INVEST IN START-UPS? Abdul Munim Khan, SZABIST Karachi, munim-khan777@yahoo.com Rana Muhammad Shoaib Hassan, SZABIST Karachi, shoaib.hassan99@yahoo.com Jawad Amjad, SZABIST Karachi, jawadbukhari51@yahoo.com Abstract Crowdfunding is an increasingly popular source to fund start-up, worldwide. In crowdfunding, a form of crowdsourcing, many crowdfundees collectively fund a start-up by providing parts of the requested funding in prospect of financial returns or social return. While extant research has provided insights into the crowd’s motives for participating in various forms of crowdfunding initiatives, we know little about the motivations that drive the crowd to invest in start-ups via crowdfunding. In literature, there are ongoing calls to investigate this phenomenon since it is expected that motives for investing in start-ups via crowdfunding differ from motives for engaging in other forms of crowdsourcing initiatives. Against this background, this research aims at investigating why crowdfundees fund start-ups. In this research paper we build on related literature to theoretically develop a research model and plan to validate this model with an empirical survey on an equity-based...
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...Crowdfunding : This reaches large number of people for non-financial support like support, sharing ideas and feedback on the existing product or service. This gives you a valuable inputs and ideas from the most potential customers or people to implement your project or concept. Non-Equity Crowdfunding : The aim of Non-Equity Crowdfunding is to obtain or mobilize money before launching your product or service like doing product pre-sales, conducting special events and recognizing sponsors. This would be the best way to make the backers or supporters to get more confidence on your product or service. Equity Crowdfunding: The main motto of Equity Crowdfunding from large number of individual’s in-return of small amount of benefits or stocks from...
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...INTRODUCTION Difficult access to funding is one of the most important constraints to the growth and development of SME’s. Recent developments in our country, the global economic and financial crisis has further degraded the situation in the area and increased the pressure to find alternative sources of funding. Therefore, the search for alternative sources of funding has become increasingly common in recent years. It is based on the close co-operation between investors, intermediaries and entrepreneur. Crowdfunding is solicitation of funds which are collected in small amount from multiple investors through a web-based platform or social networking site for a specific project, business venture or social cause. It allow entrepreneurs to raise...
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...Table of Contents 1.0 Introduction 2 1.1 Definition of crowd funding 2 1.2 The history of crowd funding 3 1.3 Objectives of Research 4 2.0 Review of literatures 5 2.1 Awareness about crowd funding mechanism 5 2.2 Legal Challenges 8 2.2.1 Navigating the Prospectus Rules 8 2.2.2 Information Requirements Often Overlooked 8 2.2.3 Role of Crowd funding Platforms and Further Considerations 8 2.3 Finance Challenges 9 2.4 Interest rate 10 2.5 Success factors 11 2.5.1 Crowd funding fit 12 2.5.2 Realistic pricing 12 2.5.3 Building trust 12 2.5.4 Media expertise 12 3.0 Methodology 14 3.1 Introduction 14 3.2 Research approach qualitative 14 3.3 Sampling strategy 14 3.4 Data collection 14 3.5 Data analysis approach 16 3.6 Interview questions 16 3.7 Validity and reliability 16 4.0 Findings 17 5.0 Conclusion and Recommendations 23 5.1 Conclusion 23 5.2 Recommendations 23 6.0 Bibliography 25 1.0 Introduction 1.1 Definition of crowd funding Crowd funding is a way for businesses, organizations and individuals to raise a fixed amount of money via the Internet, the purpose of the money refers to amount of efforts by different entrepreneurs, such as business cultural, social responsibility, and for profit. The funding of one company was drawing on relatively small contributions from many investors, and without standard financial intermediaries. In one of the whole published overviews of the topic, Schwienbacher & Larralde (2010)...
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...CASE 10 .1 Kickstarter : A New Forum for Raising Seed Capital for For-Profit and Nonprofit Organizations Introduction Kickstarter is a fund-raising Web site for creative projects. It’s a platform referred to as “crowdfunding,” in that it helps individuals and organizations raise money from the general public. Kickstarter was started in April 2009 by Perry Chen, Charles Adler, and Yancy Strickler. Since then, it’s collected nearly $40 million in pledges to help fund projects as diverse as creating an iPhone 4 tripod and mount to helping an author publish a guide to hidden art galleries and museums in Tokyo. Kickstarter receives between 100 and 200 new project requests per day. Projects are accepted if they follow Kickstarter’s guidelines. The primary requirement is that a project must be creativity-oriented. Kickstarter does not fund charity projects or causes. How It Works Once accepted, you use tools provided by Kickstarter to set up your fund-raising campaign. The campaign, which is displayed at Kickstarter.com, includes a description of your project, a video pitch (not required but recommended), the minimum amount of funds you need, and a deadline. If the minimum isn’t reached by the deadline, pledgers receive their money back. Pledges are tiered ($25, $50, $75, etc.), with each tier earning a certain incentive. The incentives are “thank- you” gifts or tokens that the person initiating the campaign gives to the people who make the pledges. Kickstarter has taken several...
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...business administration Presented by: Nicolas Jacobs Sebastian Zeitz Date: 12/18/2013 Address: Hochschulstraße 1 83024 Rosenheim E-mail: nicolasjacobs1@gmail.com sebastian.zeitz@stud.fh-rosenheim.de Matr. -Nr.: 822416 739045 Advisor: Prof. Dr. Ralph Kriechbaum Table of Contents 1. Introduction 3 1.1 Current market situation 3 1.2 Economic role of start-ups 4 2. Start-up life cycle 4 2.1 Early business stages 5 2.1.1 Seed stage 5 2.1.2 Start-up stage 5 2.1.3 Early stage 5 2.2 Expansion stages 5 2.2.1 Second stage 5 2.2.2 Third stage 6 2.3 Late business stages 6 2.3.1 Mezzanine phase 6 2.3.2 Bridge phase 6 2.3.3 Liquidation phase 6 3. Financial options 7 3.1 Seed financing sources 7 3.1.1 Angel investors 7 3.1.2 Incubators 8 3.1.3 Accelerators 8 3.1.5 Vendor Financing 9 3.1.6 Crowdfunding 9 3.2 Late financing sources 11 3.2.1 Mezzanine financing 11 3.2.2 Bridge financing 11 3.2.3 Initial Public Offering 12 3.2.4 Credits & Loans 12 4. A real life story 12 4.1 TransferWise 13 5. Conclusion 14 6. References 15 6.1 E-Books 15 6.2 Webpages 15 7. Honest declaration 16 1. Introduction This thesis has been written in the period of 9th of October and 18th of December. All of the used literature depends on print as well as on online sources. It contains e-books, online papers, magazines and personal experiences. 1.1 Current market situation As one of many different reports about our current...
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...College of Commerce and Accountancy Accountancy Department IMPLICATIONS OF SARBANES-OXLEY ACT OF 2002 TO CORPORATIONS In Partial Fulfillment of the Requirements in Accy 99 Synthesis Submitted by Jess Charls P. Mojello Submitted to: Ms. Dynnith F. Suaberon, CPA, MBM Instructor May 2015 TABLE OF CONTENTS CHAPTER I Introduction 1 Statement of the Problem 2 Scope and Delimitation of the Study 3 Significance of the Study 3 CHAPTER II REVIEW OF RELATED LITERATURE 4 Background 4 A. The Securities Act of 1933 4 B. The Securities Exchange Act of 1934 4 C. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 5 D. Sarbanes-Oxley Act of 2002 5 Title I – Reopening American Capital Markets to Emerging Growth Companies 6 Title II – Access to Capital for Job Creators 13 CHAPTER III METHODOLOGY 16 Research Design 17 Locale of the Study 17 Data Gathering Procedure 18 Statistical Methods and Analysis Used 18 CHAPTER IV PRESENTATION AND ANALYSIS OF DATA 19 CHAPTER V CONCLUSION AND RECOMMENDATION 29 REFERENCES 31 CHAPTER I Introduction Several studies have shown a substantial decrease in the number of IPOs and in start-up capital formation in years before the JOBS Act implementation in the global market. Authorities have also observed that for some time the inhospitable environment and overly burdensome regulatory requirements has naturally influenced capital-raising...
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...DMBA 610 Knowledge Integration Exam Fall 2015 ________________________________________Please read all instructions carefully before you begin. 1) Use the provided Student Exam Answer Sheet. Include your responses to all questions in the column, “Your Response” next to the appropriate question. This ONE Exam Answer Sheet document should be saved with your last name and "final," -- e.g. "Smithfinal"-- and posted in your Assignment Folder no later than 11:59 PM (EST), Sunday, November 15th, 2015. This exam also must be submitted to Turnitin.com It is recommended that you submit your exam to Turnitin.com at least 24 hours before the deadline to allow you sufficient time to address any issues identified in the Originality Report prior to posting your exam in your Assignment Folder. Please note: The exam questions are already included on the Answer Sheet. If the exam content is recognized as non-original by Turnitin, it will be ignored in analyzing your Turnitin report. Do not include any repeat of the exam case content on your Answer Sheet. Only place your answers and references on the Answer Sheet. 2) No extensions may be granted on this assignment; be sure to submit it on time and check to make sure that the document you submitted is readable and what you intended to submit. NOTE: This is an individual assignment. Any discussion or collaboration regarding the assignment constitutes a violation of UMUC's Academic Dishonesty and Plagiarism Policy. If you have any...
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...Toggle Sidebar Find Previous NextPage:of 6 Tools Zoom Out Zoom InAutomatic ZoomActual SizePage FitPage Width50%75%100%125%150%200% Running head: SIGNIFICANT EVENT 1 Significant Event Paul A. Parker Strayer University Introduction to Psychology PSY105039VA016-1142-001 Professor Donna Joy February 27, 2014 SIGNIFICANT EVENT 2 Abstract This is one of the toughest situations that I had to go through prior to reaching adulthood. As a competitor it was also very difficult for me to work through especially when the neighborhood I grew up in prepared me to be ready for any competition. In my neighborhood sports was rank first and depending on the season all the guys participated you didn’t have a choice you just hope you were on the winning team. So when I and others from the neighborhood reach high school we had no doubts about making any team we tried out for. Sigmund Freud crowd behavior theory was definitely at work in west Baltimore, the biggest worry was what sport we wanted to play. SIGNIFICANT EVENT 3 Significant Event It was summer I had just graduated and would be entering senior high school in the fall. Football tryouts would begin the first week of August and the squad would be chosen by the end of August. I had heard the coaches talk about how fast I was and quick to pick up on different positions, wide receiver and safety position especially. My profile 110 pounds 5’9’ with board shoulders and not afraid to hit somebody...
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...consumer trends 2013 December 2012 / January 2013 trendwatching.com/trends/10trends2013 Introduction: 2013 will be the perfect storm of necessity and opportunity: some economies will do OK(-ish), others will be shaky, but in whatever market or industry you’re in, those who understand & cater to changing consumer needs, desires and expectations will forever have plenty of opportunity to profit. A remapped global economy, new technologies (or ‘old’ technologies applied in new ways), new business models... hey, what’s not to like? Hence this overview of 10 crucial consumer trends (in random order) for you to run with in the next 12 months. Onwards and upwards » 1. PRESUMERS & CUSTOWNERS 2. EMERGING2 3. MOBILE MOMENTS 4. NEW LIFE INSIDE 5. APPSCRIPTIONS 6. CELEBRATION NATION 7. DATA MYNING 8. AGAIN MADE HERE 9. FULL FRONTAL 10. DEMANDING BRANDS 11. MORE-ISM w w w. t r e n d w a t c h i n g . c o m 10 crucial consumer trenDs for 2013 2 1. PRESUMERS & CUSTOWNERS “Consumers will embrace even more ways to participate in the funding and (pre-)launch of new products and brands.” 2013 will see passionate consumers embrace two innovative new ‘consumption’ models: becoming PRESUMERS and CUSTOWNERS. PRESUMERS love to get involved with, push, fund, and promote products and services before they are realized. And thanks to countless new crowdfunding platforms and new manufacturing technologies that are finally tipping into the mainstream (and...
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...Momentum 2014 Middle-Market Private Equity Outlook A CohnReznick LLP Report FEBRUARY 2014 Table of Contents Today’s Private Equity Business Environment.................1 Critical Issues Facing Private Equity in 2014...................6 Private Equity Due Diligence Focus................................24 The Road Ahead..................................................................29 A CohnReznick Report 3 Preface The private equity (PE) industry is well-positioned for an optimistic 2014. After five challenging years, there were a number of positive developments for the industry in 2013, including a rebound in fundraising and a record $120 billion returned to investors in private equity. mo • men • tum noun: the impetus gained by a moving object Overall, 2013 will be remembered as a solid year for private equity. Although the year started off slowly, activity picked up considerably in the second half, particularly in the world of exits. The fourth quarter of 2013 was one of the strongest quarters on record for PE exits, attributable largely to a robust IPO market. The key topic that must be considered in projecting the industry’s outlook for 2014 is whether it can build upon this momentum, or whether the industry’s capital overhang and competition for quality deals will prove too great a resistive force. While we’ll analyze the industry in its broadest sense, our focus is decidedly on the outlook for middle-market private equity firms―those firms with...
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...------------------------------------------------- DON’T WAIT FOR PERFECT MOMENT, TAKE THE MOMENT AND MAKE IT PERFECT SEPTEMBER 2015 SEMESTER ________________________________________________________ COURSE CODE | : | BPME 6023 | COURSE NAME | : | NEW VENTURE CREATION | PROJECT TITLE | : | DON’T WAIT FOR PERFECT MOMENT, TAKE THE MOMENT AND MAKE IT PERFECT | | | | | | | | Introduction “The time will never be ‘just right’. Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” Napoleon Hill When it comes to many things in life, we tend to wait around for that perfect timing in order to go for the new venture. The problem with this mentality is that it sets us up for disappointment, stagnation, and failure. There is not necessarily a perfect time or day for anything. However, there is a better way, a way to take action now, to move forward and to start the new venture instead of merely dreaming it. 1.0 Don’t wait for perfect moment 1.1 The Economy Some of the most common fears about starting businesses relate to how “the economy” is doing. Most people see it as a big setback. If the economy is in a lull, many would be entrepreneurs assume that now must necessarily be the wrong time to get started. This belief is reinforced by nay-saying politicians and journalists who exaggerate even the very worst economic news. An entrepreneur should see difficult economics time...
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...'Sucessful Crowdfunding campaign’ Introduction: Crowdsourcing: Crowdsourcing emerges as a new paradigm of organization used by companies to reach out to distributed talent in the context of a globally interconnected society (Villarroel et al 2007, 2011a, 2011b). Although the term “crowdsourcing” is relatively new (Howe 2006), and it has only received theoretical attention by management academics in recent years (Geerts, 2009) (Malone, et al., 2010), crowdsourcing initiatives led by companies have over two decades of existence, finding roots in the software industry (von Hippel & von Krog, 2003). Crowdsourcing offers a new business model that allows companies to gather faster and at a lower cost, the knowledge distributed among the population, specific to each one of us, the knowledge of time and place. (Hayek, 1945) (Schenk & Guittard, 2011)(Villarroel 2008, 2011c; Villarroel & Taylor 2007). (Malone, et al., 2010) Even though crowdsourcing is emerging recently to the understanding of a wider audience, it has stuck the eye of a few lecturers as early as 1998, whilst Thomas Malone and Robert Laubacher, noticed the organizational changes in motion and expected long term consequences (Malone & Laubacher, 1998). The Linux case has highlighted these new flexible businesses which might be assembled at some point of the initiatives and then are dissolved once the venture is done so staff can then seek for long term projects to paintings on. (Malone & Laubacher, 1998) This new...
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...Environmental Analysis The information technology (IT) industry has always been highly driven by innovations in technology. It is dynamic and highly competitive, with frequent changes in both technologies and business models. Each industry shift is an opportunity to conceive new products, new technologies, or new ideas that can further transform the industry and businesses. The following PESTEL analysis will try to gain an understanding of Microsoft’s business potential, future market situation and the direction of its operation. The political, economic, social, technological, environmental and legal factors are six components of PESTEL analysis. Table 1: PESTEL Analysis of IT industry | Political * Restrictions on foreign recruitments * Regulations to education * Regulations to the industry * Regulations at emerging markets | Economic * Fluctuations and unpredictable behaviours of foreign currency * Trade cycles * Economic growth rates (around the world) * Disposable income level of people * Demand and supply...
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