Reading Reflection - Week 8

Reading Reflection Week 8 -  Chapter 8

For each reading reflection post, I ask you to address the following areas:

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?

I was surprised to learn about social lending. I’ve heard about Lending Club but never really thought too much about it. A great way for entrepreneurs to get small injection of funds into their business with much more ease then going through traditional lending. Another added benefit for these borrowers is being able to communicate with other members of these networks and share experiences.

2) Identify at least one part of the reading that was confusing to you.

I found the chapter interesting and pretty straight forward. I wasn’t confused by the reading but was surprised to learn under “Dispelling Venture Capital Myths” in the third myth. I always thought that venture capitalist where always out there on the hunt for the next big thing and were quick to make offers. I never really thought it could possibly be such a long process at times.

3) If you were able to ask two questions to the author, what would you ask? Why?

Under “Private Placements” it states that it can be difficult in some states and costly for small ventures to use the SEC Regulation D and I would ask the authors if they knew of any website/resource that can help navigate them through the process in those states that have not kept up with the SEC Regulation D rules.

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

I didn’t have many questions in this chapter. I did find some of the information surprising and I did have some pre-conceived notions on how venture capitalist chose what to invest and how long the actual process takes and the criteria they use to determine what business to finance.