Recently, Sami Adjei, a friend of yours, described a company that his father is starting in the
Question:
Recently, Sami Adjei, a friend of yours, described a company that his father is starting in the solar power industry. Sami’s father is using a technology he developed, which received favorable write-ups in several technical publications. Two angel investors approached the new entrepreneur to express their eagerness to invest in the proposed venture. He also received an invitation to participate in a prestigious technology incubator, where he can maintain an office and a lab to work on his project. Sami says that his dad declined the potential investors’ interest and is opting to work out of a shop on some property he owns rather than move into the incubator. He can fund the company from personal savings, at least for the first two years. Do you think Sami’s father is making good decisions? What are the pluses and minuses of his decisions?
Step by Step Answer:
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780138091828
7th Edition
Authors: Bruce R. Barringer, R Duane Ireland