The biggest surprise in the reading for me was the section mentioning Social Lending/ Peer-to-Peer (P2P) Lending. I didn't even know this was even a type of lending that was possible. Usually everyone thinks that the only way to obtain funds for businesses is through banks, but it's really interesting that this type of social network banking has allowed potential entrepreneurs and small businesses gain the funds necessary to fund their ventures.
2) Identify at least one part of the reading that was confusing to you.
The part that confused me the most was the section on debt financing, specifically all the different types. I know the definitions are all there and so are the explanations, but for me the concepts were really detailed and there were so many varieties I felt like I didn't really understand that section well.
3) If you were able to ask two questions to the author, what would you ask? Why?
In your personal opinion what would be more beneficial for a business, Business Angels or Venture Capitalists? Why? Also, I know sometimes business angels approach a business, but how would one go about approaching a business angel ? (since there is a method for how to approach venture capitalists)
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
I don't disagree with the author on anything particular in this chapter, especially because I don't have much knowledge in this particular area.
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