The following table contains financial information from the business plan of a new venture that makes a portable device that uses laser technology for measuring distances with great precision, LaserGolf, Inc.

The information in the table is in thousands of dollars.

Month	6	12	18	24	30	36	42	48	54	60
Sales ($000s)	$ -	$ -	$ 100	$ 500	$ 1,000	$ 2,500	$ 5,000	$ 10,000	$ 12,000	$ 15,000
Profit ($000s)	$ (200)	$ (300)	$ (500)	$ (200)	$ 100	$ 300	$ 700	$ 2,000	$ 2,500	$ 3,500
Cash Flow ($000s)	$ (1,000)	$ (500)	$ (2,000)	$ (1,000)	$ (500)	$ (100)	$ 300	$ 1,000	$ 2,000	$ 3,000

Assume that the amounts highlighted in the table are cumulative.

1. Using this information how might you propose to identify the stages of new venture development?
2. How much cash is the venture expected to need in total?
3. How would you suggest staging or planning for the infusions of cash? Why?
4. What kinds of investors are best suited for investing at the various stages of development?
5. What would you suggest as useful milestones for evaluating progress?