true or false

10. Non-bank funding sources, like angels or VCs, expect entrepreneurs to demonstrate deep technical skills, but do not expect entrepreneurs to have high teamwork-related skills. 11. A typical Business Plan time horizon is, generally, ten years or more. 12. Two of the most difficult things for the entrepreneur trying to get an idea transformed into an operating business is financing the venture and finding and retaining top-notch employees. 13. Most successful entrepreneurs tend to communicate in direct, informal ways. oladow 14. A business proposal which is aimed at attracting prospective investors includes information about the new or expanding business, including the customer, market potential, and management, but, generally, does not include an exit strategy. 15. An "angel" is relatively well-known as a source of risk capital in the community, and often advertises their prior investments directly or through investment bankers.. 16. Venture capitalists are like bankers in that they are organized as formal businesses, and are subject to the same state and federal regulations as banks, including government risk testing. 17. The basic financial metric typically used to determine whether an investment activity is, at least, minimally worth the risk of investment is the risk-free rate of return. 18. An executed Letter of Intent, by definition, binds the parties to close a deal at or near a particular bid price. 19. A dip-the-toe in strategy for making acquisitions has proven successful for companies because they can assess the workability of an acquisition with little or no financial or managerial cost