VENTURE CAPITALISM/ENTREPRENEURSHIP.
Entrepreneurship is a dynamic process created and managed by an individual (the entrepreneur), which strives to exploit economic innovation to create new value in the market. An entrepreneur is a person, who has entrepreneurial mind with a strong need for achievement.
And, Venture capital (VC) is funding invested, or available for investment, in an enterprise that offers the probability of profit along with the possibility of loss. Indeed, venture capital was once known also as risk capital, but that term has fallen out of usage, probably because investors don't like to see the words "risk" and "capital" in close conjunction. Venture capitalists often don't tend to think that their investments involve an element of risk, but are assured a successful return by virtue of the investor's knowledge and business sense.
And, Venture capital (VC) is funding invested, or available for investment, in an enterprise that offers the probability of profit along with the possibility of loss. Indeed, venture capital was once known also as risk capital, but that term has fallen out of usage, probably because investors don't like to see the words "risk" and "capital" in close conjunction. Venture capitalists often don't tend to think that their investments involve an element of risk, but are assured a successful return by virtue of the investor's knowledge and business sense.
SUCCESS STORY:
Mark Bao, 17
11 Companies, 3 Foundations
Mark is a 17-year-old high school senior and he has already launched 11 web-based companies (and sold three of them) along with three non-profit foundations. Some of his projects include TickrTalk, the Ramamia Foundation, Classleaf, and Avecora – a technology network launching sometime in 2013.
Mark Bao had his first encounter with entrepreneurship in the fifth grade. He used Visual Basic 6.0 to write a simple computer application that managed his homework assignments and helped him write school papers. Then he copied the program onto floppy discs and sold them to his friends.
His first start-up came in his first year of high school. Debateware.com was an event management system for debate organizations. Eventually, Mark and his business partner sold it to the largest debate organization in the United States.
Today Mark is a 17-year-old high school senior and he has already launched 11 web-based companies (and sold three of them) along with three non-profit foundations. Some of his projects include TickrTalk, the Ramamia Foundation, Classleaf, and Avecora – a technology network launching sometime in 2013.
His first start-up came in his first year of high school. Debateware.com was an event management system for debate organizations. Eventually, Mark and his business partner sold it to the largest debate organization in the United States.
Today Mark is a 17-year-old high school senior and he has already launched 11 web-based companies (and sold three of them) along with three non-profit foundations. Some of his projects include TickrTalk, the Ramamia Foundation, Classleaf, and Avecora – a technology network launching sometime in 2013.
SUBMITTED BY: MUHAMMAD ALI SIDDIQUI
STUDENT ROLL: 11K-3013
FAST MS(SPM)
STUDENT ROLL: 11K-3013
FAST MS(SPM)
You have use a term "entrepreneurial mind" in your post.. can you please elaborate it a bit more.
ReplyDeleteDear Majid,
ReplyDeleteI have stated your answer in 2nd bullet. I hope this clarifies.
In entrepreneurship we could differentiate between concepts
1) entrepreneur = individual actor in the market,
2) entrepreneurial = behavior in the market, and
3) entrepreneurship = combines the actor(entrepreneur) and the behavior in the market
entrepreneurial mind, which means the attitudes and behavior of successful entrepreneurs.
DeleteBrief and understable
ReplyDeleteThank you!
Delete