The following post was published on the Knowledge@Wharton website on November 10, 2015. It’s the ultimate financial conundrum for entrepreneurs: They need money in order to make money. Investment is key to growing a fledgling business, but it can also be one of the toughest components to secure. In “Dynamic Adverse Selection: Time Varying Market Conditions and Endogenous Entry,”Pavel Zryumov, a Wharton professor of finance, explores the fundraising process in both hot and cold markets, finding that in cold market conditions, entrepreneurs and firms with projects above the average quality strategically delay their fundraising decisions. An edited transcript of the conversation appears below. Crucial to Growth
from Forbes - Leadership http://ift.tt/1OuYA9g
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