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Hardy Smith, a noted venture capitalist, sits on the board of Walt's Widgets. When widget sales fall consistently short of expectations, which of the following
Hardy Smith, a noted venture capitalist, sits on the board of Walt's Widgets. When widget sales fall consistently short of expectations, which of the following (there may be several) would Hardy be mostly likely to do and why?
a. Get on the road himself to sell them.
b. Suggest different sales channels and pricing strategies.
c. Redesign the product, suggesting different cases and colors.
d. Fire the vice president of sales
e. Present a term sheet that trigger his antidilution protection
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