1. A company is considering establishing a corporate venture capital fund in order to gain access to emerging technologies. Why might its Board prefer this over expanding its own existing R&D operations and which country's firms tend to adopt this strategy (from research)?

2. Explain how poorly constructed Term Sheets between Venture Capitalists and entrepreneurs can exacerbate ethical conflicts.

3. Consider the methods by which investors negotiate the hubris of entrepreneurs in early stage ventures and argue how competing incentives can be managed.

4. Through your financial services company, KB Capital, you have raised a pool of money from clients. You intend to invest it in new business opportunities. Which role in venture finance are you taking, and examine the disadvantages and advantages of the variety roles in VC?

5. Define staged financing. Justify whether this is an efficient risk-minimising mechanism for venture capitalists.