The biggest surprise in the reading was the myths the author mentioned. The myth I found most surprising was the first myth, venture capital firms want to own control of your company and tell you how to run the business. I thought venture capital wanted to control the decisions entrepreneurs took. The part of the reading that confused me was the debt and equity financing. They talked about form of commercial banks, trade credit, accounts receivable financing, factoring and finance companies, and various forms of equity instruments. The whole thing was very confusing to me because it the concepts were new to me and I was unfamiliar with the concept. Two questions I would ask the author are, who or what should be the first source of capital? Informal risk capital or secure financing capital? My second question is how much money is it ideal to ask the bank to invest in an idea? I would ask these questions because it would be a good reference to have in mind. There was not anything I disagreed with the author.
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