Problem
Textbook: Neck, H. M., Neck, C. P., & Murray, E. L. (2021). Entrepreneurship: The practice and mindset (2nd ed). SAGE.
Case Study Daymond John, Founder, FUBU
For this problem, read the case study on pages 299 and 300 of the eTextbook. Once you have read and reviewed the case scenario, respond to the following questions with thorough explanations and a well-supported rationale. Apply feedback from previous units to this problem.
a) Differentiate between innovative bootstrapping choices and traditional financing strategies used by Daymond John. How did these choices support and hinder the success of his company?
b) What other funding strategies could Daymond John have used for his venture? You can include funding strategies not available at the time he was starting his venture.
c) In describing the business strategies used by Daymond John to support the venture's resource needs, discuss the financial consequences of each decision.
d) If you were starting this venture now, would you rather seek equity financing or debt financing? Why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.