Based on the material covered in this chapter, what questions would you ask the firm’s founders before making your funding decision? What answers would satisfy you?

Business Idea: Create a bike that teaches kids how to ride without training wheels in a safe, enjoyable, and confidence-

building manner.

Pitch: To teach their kids how to ride a bike, most parents choose pedaled bikes with training wheels. While training wheels may seem to be the easiest approach, they do not teach kids balance or proper bicycle steering. A bike with training wheels may even be dangerous because it can tip over if a child turns a corner too quickly or rides on uneven ground. In addition, by not teaching balance, when the training wheels come off a child has yet to learn the most important part of riding a bike.