1. A common source of funding for a start-up venture is friends, family, and "fools." Brainstorm and come up with an idea for a new app. Flesh out the idea into a full business model (see chapter 1) that describes how you would make money with the app. Assume you do not have enough resources available to you to execute the concept on your own and need an investment of $50,000 to develop and launch the app. Interview five of your family members or friends. After explaining the app to them, which of them would be willing to invest in a company created by you to bring the app to market? How much would they be willing to invest, and what would they want in exchange for their investment? If they are not willing to invest, why not? Write a two-to three-page paper describing the app and describing the results of your interviews with your family members or friends regarding investing in your imaginary company