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  • 标题:Challenges in Bootstrapping a Start-Up Venture: Keenga Research Turning the Tables on Venture Capitalists
  • 本地全文:下载
  • 作者:Prescott C. Ensign ; Anthony A. Woods
  • 期刊名称:Journal of Entrepreneurship, Management and Innovation
  • 印刷版ISSN:2299-7075
  • 电子版ISSN:2299-7326
  • 出版年度:2016
  • 卷号:12
  • 期号:1
  • 页码:113-138
  • DOI:10.7341/20161216
  • 语种:English
  • 出版社:Nowy Sacz Business School National-Louis University
  • 摘要:This case study chronicles the timeline of a new venture – Keenga Research. Keenga Research has a novel proposition that it is seeking to introduce to the market. The business concept is to ask entrepreneurs to review the venture capital (VC) firm that funded them. Reviews of VC firms would then be developed and marketed to those interested (funds and perhaps enterprises seeking funding). What makes this case unique is that Keenga Research was a lean start-up. Bootstrapping is a situation in which the entrepreneur chooses to fund the venture with his/her own personal resources. It involves self-funding (family and friends), tight monitoring of expenses, and maintaining control of ownership and management (Winborg & Landstrom 2001;Perry, Chandler, Yao, & Wolff, 2011;Winborg, 2015). The lean start-up approach favors experimentation over elaborate planning, customer feedback over intuition and iterative design over traditional big upfront research and development.
  • 关键词:entrepreneur;business concept;opportunity recognition;venture capital;bootstrapping;lean start-ups;concept-to-market timing;resource commitments and constraints
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