Summary
Contents
Subject index
A practical approach for entrepreneurs and investors Entrepreneurial Finance provides readers with the fundamental knowledge to finance, start, grow, and value new ventures, without the complex finance terms and calculations. This comprehensive yet practical approach incorporates a global perspective that appeals to entrepreneurs, investors, and students with diverse backgrounds, knowledge, and experience. From Facebook to Camera+, Gary Gibbons, Robert D. Hisrich, and Carlos M. DaSilva use real-world examples and their professional experiences to bring concepts to life. This text is one of the most readable books in the market without compromising high quality content and resources.
Chapter 12: Venture Exits
Venture Exits
Learning Objectives
- To determine if and when an entrepreneur should exit the venture
- To understand the different types of exits available
- To indicate both positive and negative exits for investors and entrepreneurs
- To determine an exit value
Case: Camera+ Photo Software Application by Tap Tap Tap
Camera+ is a mobile software application launched by the company Tap Tap Tap in 2010. For $1, users can transform their smartphones into a sophisticated photo camera with a bundle of built-in editing and enhancing filters, effects, granular controls, and even a zoom (Empson, 2012). It allows users to take pictures with their smartphone and instantaneously share them on their favorite social network such as Facebook or Flickr.
After 8 million downloads, the founder, John Casasanta, disclosed he had several offers ...
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