You and Your Cofounders Have Spent a Year Building and Testing

question 13

Essay

You and your cofounders have spent a year building and testing a home wireless system that is easy to install and will integrate media streaming from phones,television,and the Internet.You have tested the product on family and friends and built a prototype.You now need money to build a pilot test,creating 100 systems and placing them in a display at five selected stores.Identify the best source(s)of capital that you and your cofounders should seek (you will need $100,000).

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Definitions:

Essential Part

A component or element that is crucial or necessary for the functionality, operation, or completeness of a whole.

Coaching

The process of guiding an individual or team to improve their skills, performance, or personal development.

Obstacles

Barriers, impediments, or hurdles that hinder progress towards achieving a goal or objective.

Expectancy Theory

A motivational theory suggesting that people are motivated to perform actions based on the expected outcomes and the value they place on those outcomes.