Sunday, February 7, 2016

Week 5 reading reflection

1) The thing that surprised me the most in the reading was how important international relationships are. I thought it was so cool how in the story about Dieter Kondek, he became a successful entrepreneur just through bringing something to America that wasn't here before. It made me realize that being an entrepreneur doesn't always involve a complex new idea.
2) The concept of assuming debt too soon confuses me. Does this just mean they took too much debt on without any hope of the business taking off? Isn't there always a risk of taking on debt to start a venture?
3) what are some specific kickbacks that caused customer loss?
Shouldn't agreements between entrepreneurs and venture capitalist be legally binding?
4) I didn't disagree with the author in this chapter.

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