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Background Pedro and Maria are two college classmates who have had an innovative idea to implement a new business consisting of a platform for renting

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Background Pedro and Maria are two college classmates who have had an innovative idea to implement a new business consisting of a platform for renting electric scooters by which the user detects these vehicles through a GPS that includes the application, runs the route, pays it through the mobile and leaves it parked on public roads so that another user can use it. To start this business, Pedro and Maria are interested in setting up a start-up with the following development and growth strategy: (a) to launch the business; (b) to enhance its expansion; (c) to maximize its value; (d) and to sell it to a third party for a much higher value. To achieve this goal, they are fully aware that they will need external financing that allows them to develop the business and make it attractive for large investors. For this purpose, in a first period they plan to contact small private investors (Business Angels) that allow them to obtain the necessary financing to launch the Project, and in a second period they want to involve one or more venture capital entities to invest important amounts of capital and, in this way, obtain sufficient funds to implement their business plan and provide the Project with high profitability

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