SafeRide Innovations, Inc. For this project, imagine that you and a friend have designed an innovative child safety seat. The seat incorporates advanced safety features that will prevent the injury or death of a child left unattended in a car. The car and the seat will be fitted with features that detect when the seatbelt of the car seat has been engaged, implying that a child is present. Once the vehicle is turned off, you have three minutes to unlatch the fastening device of the seat. If three minutes pass without the unlatching of the belt or latch system, the cars horn will begin honking and the cars key fob will begin alarming. If an additional five minutes pass without the removal of the child, emergency medical services are alerted. The hope is that a child will never be left alone in a car for more than ten minutes. In each stage of SafeRide Innovations life cycle, you will be faced with financing decisions. Determine which option is the best for each stage and write a report justifying your decisions. Stage 1: Startup Funding for Inception You and your friend have developed the prototype of the seat and it has undergone vigorous testing. The research and development costs came directly from your and your partners savings. You both feel confident that your product is ready for the market and you are ready to seek additional funding. You are faced with three funding options: 1. Bootstrapping: Utilize further personal savings and resources to fund initial product development. Retain full ownership and control but may face limitations on rapid growth. 2. Angel Investment: Pitch the idea to angel investors who provide capital in return for equity. Gain not only funds but also expertise and industry connections. 3. Seed Crowdfunding: Launch a crowdfunding campaign to attract early adopters and backers. Gather funds while building a community around the product's safety concept. Stage 2: Growth Scaling for Impact: After your initial round of funding, you have been able to take your child safety seat to market. To begin, you manufactured 1,000 seats and offered them for sale in local stores that sell similar products. Within weeks, all of the seats sold, and the stores were asking for more inventory. You and your partner try to keep up with the demand, but it has become clear that you need additional workers and resources to meet the local needs. You realize that it is time to seek funding to grow your business. You are faced with three funding options: 1. Venture Capital: Seek venture capital funding to accelerate mass production and market penetration. Gain substantial funds and strategic guidance in exchange for equity. 2. Bank Loan: Secure a business loan for ramping up manufacturing and distribution capabilities. Maintain ownership but manage the responsibility of regular repayments. 3. Strategic Partnership: Forge a partnership with a major automotive safety company. Access funds, resources, and expertise for rapid expansion while sharing profits and control. Stage 3: Maturity Ensuring Sustainability After a couple of years in business, SafeRide Innovations, Inc. has seen tremendous success. The company has grown and now sells its seats online and in shops across the state. While the business has already been more successful than you could have ever hoped for, you realize that it is important to ensure that its growth can be sustained. As a result, you and your partner decide to seek another round of funding. You are faced with three funding options: 1. Internal Cash Flow: Rely on profits generated by the product to fund further development and expansion. Retain full ownership and control over the venture's destiny. 2. Debentures/Bonds: Issue bonds to raise funds from the public, offering a fixed interest rate. Balance debt with sustainability, avoiding overburdening the venture. 3. Take on Additional Investors: Consider selling a portion of equity to private investors for significant capital infusion. Trade ownership for funds needed to drive further innovation and expansion. Stage 4: Harvesting the Venture Exit Strategy After ten years in business, you feel that you have accomplished everything you ever wanted with SafeRide Innovations, Inc. Your company has become a well-known and well-respected company in child safety seats. You feel extremely proud that your product has likely saved the lives of countless children. However, you realize that there is much more that could be done to protect children and you are ready to walk away from the venture and focus on nonprofit work. It is now time to capitalize on your success and enter a new phase of life. You are faced with three exit strategies: 1. Initial Public Offering (IPO): Take the venture public through an IPO, enabling access to public capital markets. Provide liquidity to investors and open doors to further expansion, while navigating complex regulatory landscapes. 2. Acquisition: Explore acquisition opportunities with automotive giants interested in integrating the innovative technology. Realize immediate returns, but consider the impact on the venture's original vision. 3. Management Buyout: Collaborate with the existing management team to buy out the venture, maintaining the vision and culture. Secure financing to maintain ownership while charting a course for future growth without you. Submission Requirements: Your report should be in APA format and at least 2 pages in length, not including a reference page. Make sure you are fully explaining why you chose each option and why you think it is better than the alternatives. You should also support your decisions using properly cited, outside sources. S

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