New Venture Finance Considerations for the Bootstrapper
How a new firm is financed matters. Accordingly, Chapter 3 presents an overarching, if general, discussion of new venture finance. To more completely understand what may and may not work as a bootstrapper, we need to more fully understand some basic rudiments of capital structure in new firms. Chapter 2 covered the fact that new firms struggle to receive support from important stakeholders because those stakeholders believe that new firms, on average, are not legitimate vis-à-vis more mature firms. Through this discussion, the new venture fundamentals introduced in Chapter 2 are extended by examining and explaining how they impact capital structure in new firms. ...
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