Is the owner a true entreprenu Question 2 Do you agree with the philosophy expressed here Is the owner really doing what is best for his family? Question 3 What kinds of problems is this owner trying to avoid age in the urial legacy andit Bear Bills, Inc, was started in 2008 by three Baylor University alumni in their early twenties as a solution to a problem every college student faces--paying utilities. The company's name originated from the university's mascot, the Baylor Bears. The business helps students pay their utility bills without all the Situation 2 that begins pughout its y money and things such hassles of having to collect from each roommate and getting a and splits the amount based on each student's prorated portion. give Bear Bills a commission for increasing their market share. The ny Bear Bills pays the bills each month tion to the check to the utility compa The utility companies like the arrangement and are willing to alues and apartment houses where the students live like the deal because the utilities remain in the renters'names and the management receives a referral fee from Bear Bills. Of course, the students sign up because they do not have to bug a roommate to pay their share of the bill. And Bear Bills makes money The first year, Bear Bills signed up over 2,000 college Simple Bills, Inc, and went to other college campuses, doubling its customer base to over 4,000 students at the university. The second year, it incorporated as At this point, the concept is proven, but the owners have a decision to make. They can raise money from investors and grow the company faster to capture market share, but that will mean they will have to give up some of their ownership in the company. Alternatively, they can continue to bootstrap the business to conserve ownership percentage but then cannot grow it as rapidly. In other words, they would limit the growth of the business to what can be financed from the cash flows cur- rently being generated from operations. Question 1 What do you like and not like about the Simple Bills concept? Question 2 Would you recommend raising funds from outside investors and growing faster or continuing to bootstrap the operations to conserve ownership? Why? Question 3 What strategy would you suggest for growing the business, assuming new investors are brought in? Question 4if you choose to raise funds, whom might you seek as investors? Qu Qu nec uc Situation 3 Bracken Arnhart, the founder and CEO of WSR Tool S nc, has immo