PLEASE RESPOND CORRECT ANSWER IF PREFER DONT GIVE EXPLANATION

1.What is not a good reason to raise money from a VC?

A.Retain control of your company

B.Expand your network

C.Use money to grow faster

D.Brag about your fundraise to help you hire

2.Why would a company choose to be a C-Corp?

A.Issue unlimited amount of shares

B.Get pass-through taxation

C.Limit the number of stockholders

D.Get unlimited liability

3.When remedying a breach of contract, when does it not make sense to remedy the breach with cash?

A.When the contract was not in writing.

B.When the contract was for services.

C.When the contract was for a wholly unique item.

D.When the contract breach was immoral.

4.Why do companies disclose information in statements to the SEC?

A.Comply with regulation

B.Protect consumers

C.Avoid taxes

D.A and B

E.B and C

5.You own $30 of stock in Twitter. You fail to call into the annual stockholder meeting and vote on the companys corporate governance issues because you had a school project due that day, which was more important to you than the stockholder meeting. What is this called?

A.Mismanagement

B.Rational apathy

C.Lack of millionaire mindset

D.All of the above

6.VCs charge their LP's a 2% management fee. Why?

A.Investments take several years to generate a return.

B.VC's need to pay operating expenses while they wait for returns.

C.Everybody else does it.

D.All of the Above

E.A & B

7.You are an entrepreneur pitching an interesting market opportunity in the food industry to an angel investor. Specifically, the opportunity is to sell apple-based products. The market opportunity is worth $50M. The investor asks What is going to stop Apple from pursuing this opportunity? Which is a NOT good response?

A.It would take Apple a long time to decide to get into Apples.

B.Apples existing stakeholders have an interest in Apple staying in technology.

C.Apple is a $1.3T company. The opportunity is too small for Apple

D.Apple does not have any IP in the apple industry.

8.Why does a VC fund limit the amount of money it takes from LPs?

A.To reduce management fees

B.To preserve return rates

C.To block the haters

D.To create scarcity