1. According to Dermot Berkery founders should be quite vague when laying out stepping stones for the venture. This is because it is hard to say a stepping stone is not reached if it is not well defined.
True
False
2. According to Dermot Berkery most seed investors would like to finance all stages at once but founders are not willing to pay the cost of this all-in financing.
True
False
3. During the initial years of most new ventures, the cash generated by operations are insufficient to cover the cash flow requirements of the venture.
True
False
4. Investments in fixed assets are a use of cash.
True
False
5. An increase in working capital is a use of cash.
True
False