RSM100Y1 Chapter Notes - Chapter 6: Intrapreneurship, Startup Company, Angel Investor
Document Summary
Entrepreneur: a person who seeks profitable opportunity and takes the necessary risks to set up and operate a business. Classic entrepreneur: a person who sees a business opportunity and sets aside resources to gain access to that market. Serial entrepreneur: a person who starts one business, runs it, and then starts and runs more businesses, one after another. Social entrepreneur: a person who sees societal problems and uses business principles to develop new solutions. Lifestyle entrepreneur: a person who starts a business to reduce work hours and create a more relaxed lifestyle. Seed capital: the initial funding needed to launch a new venture. Debt capital: borrowed funds that entrepreneurs must repay. Equity financing: funds invested in new venture in exchange for part ownership. Venture capitalists: business firms or groups of individuals that invest in new and growing firms in exchange for an ownership share.
