Question
A group of angel investors has chosen you and several other entrepreneurial candidates to start and operate a virtual business. The angel investors will own
A group of angel investors has chosen you and several other entrepreneurial candidates to start and operate a virtual business. The angel investors will own 40% of the business and will hold three out of five permanent seats on the board of directors of your virtual business. The group of angel investors will provide $100,000 in funding to start your virtual business.
(1) Develop an operating budget for the virtual business.
(2) Develop a cash flow, profit and loss, balance sheet, and break-even analysis forecast projections for the virtual business.
(3) Determines if additional funding from the angel investors or contributions from the virtual team are needed to operate the virtual business.
(4) Determine the return on investment for any angel investor and virtual team member funding.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started