According to Chapter 1, a Sentiment That Venture Capitalists Often

question 62

Multiple Choice

According to Chapter 1, a sentiment that venture capitalists often express is that:

• A) the strength of the entrepreneur and the strength of the business idea are of equal importance
• B) they would never fund a strong entrepreneur with a weak business idea
• C) they would rather fund a strong entrepreneur with a mediocre business idea than fund a strong business idea with a mediocre entrepreneur
• D) a new venture's marketing plan is more important than either the strength of the entrepreneur or the strength of the business idea
• E) they would rather fund a strong business idea with a mediocre entrepreneur, than a strong entrepreneur with a mediocre business idea

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Definitions:

Consideration

a core concept in contract law that involves something of value exchanged between parties, which is necessary for a contract to be legally binding.

Payment

The transfer of money or goods from one party to another as a fulfillment of an obligation or settlement of a debt.

Ownership

The right to possess, use, and control a property or item, encompassing both tangible and intangible assets.

Promissory Estoppel

A legal principle preventing a party from going back on a promise, which another party relied upon, even if there was no formal contract.