MOS 1023 Finance Lecture 2

3 Pages

Management and Organizational Studies
Course Code
Management and Organizational Studies 1023A/B
Maria Ferraro

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MOS 1023 Finance Lecture 2Function of Financial ManagerReview Debt may give a better return if there is more leverage Not every company goes through exactly the same cycleBootstrapping Seed money goes into developing the prototype Comes from own money or personal bank loans Should only last 12 yrs any longer and idea may be fruitless Lasted 2 yrs for Google before acquiring angel investorsVenture Capital Venture capitalistmanagers of funds Help entrepreneurs take their businesses to the next step Entrepreneurs are often lacking in business and management skills mostly engineers etc Invest only if they believe the idea has potentialTraditional sourcesbank loans etc Most businesses fail 910 and bankers and most investors are risk averse only invest if expected return is higher than risk No collateral assets Only patents and ideas dont guarantee future cash flow Entrepreneurs ha
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