Imagine That You Have a New,tested Invention That Will Require

question 39

Essay

Imagine that you have a new,tested invention that will require a million dollars in order to produce enough of the product to return a profit.What considerations should you review before approaching a venture capitalist?

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Definitions:

Proactive Approach

Taking action in anticipation of future problems or needs rather than reacting to events after they occur.

Ethical Issues

Circumstances or problems faced by individuals or organizations that involve making a choice between actions that are judged to be morally right or wrong.

Legal Standards

Policies or principles established by legislation or court decisions, which dictate the minimum acceptable level of conduct in society.