Aimee Grace

Entrepreneurial finance is the study of value and resource allocation, applied to new ventures. It addresses key questions which challenge all entrepreneurs: how much money can and should be raised. Venture capital generally comes from well-off investors, investment banks, and any other financial institutions. However, it does not always take a monetary form; it can also be provided in the form of technical or managerial expertise. Venture capital is typically allocated to small companies with exceptional growth potential, or to companies that have grown quickly and appear poised to continue to expand.

Strategic entrepreneurship rejuvenates firms to achieve a competitive advantage in current markets. It is effective in forming corporate entrepreneurship and involves the simultaneous opportunity-seeking and advantage-seeking behaviors of firms. The aim of this paper is to investigate the mediating effect of strategic entrepreneurship in the relationship between corporate entrepreneurship and firm performance through the resource-based view.

In this week we make the Minimum Viable Product and Traction we divided the work and help each hard topics like making the prototype. They say an MVP is all about “Minimum Effort, Maximum Learning”. MVP reinforces the Build-Learn-Repeat Model. An MVP lets you test your ideas in the real market as it is a rough but working version of your final product which has been created to check real user-behaviour with a real product.

In the first week of our finals we created the 9 components of business model canvas and these are "customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure". And we divided the components into 4 and the 3 of us assign into 2 components and the other one assign into 3 components. Although we assign in different components but we also ask each other if our answer is right or amiss. That's why all our answers is acknowledge in all my teammates. I'm very blessed to have these team even though we have a very busy schedule in academics but we managed to give some time in these subject.

The purpose of validating ideas is to make sure our product or business idea has potential and the most critical assumptions regarding whether our idea are valid. The point is to find the fastest and cheapest way to test our assumptions so that we can decide whether we going to proceed with the idea or pivot.

Our team work effectively, we collaborate as a team and we solve difficult problems and also exchange ideas and come up with creative ways of doing things. By working together we can find the solutions that work best. Teamwork is a life skill. That means we grow it over time. There are so many chances in life to do something as part of a group, both inside and outside of education. Sometimes it's hard for me to understand the task so I ask my teammates for help so that I can learn new things and get team tasks done quickly. We always communicate and all of us contribute and active.

In week 2 every team given a task to think of 3 ideas or proposal. Our team has a group chat and we also have virtual meeting in Google meet, we already have 3 meetings. Even if it is hard to think of a new idea our team gathered four ideas and each of us participate even of a busy schedule. To be honest it is really hard to think of a new idea.