Tuesday, August 25, 2020

Media Communication and Culture Essay Example | Topics and Well Written Essays - 500 words

Media Communication and Culture - Essay Example The business has experienced a lot of difficulties and triumphs. Being patterned in nature, there is no essential structure for progress since request and systems adjust through Economic conditions. Industry experts fight that the most positive indicator for the business is Gross Domestic Product (GDP). The premise of the contention is that downturns inside the business correspond with financial downturns. As innovation propels and as the cost of innovation appears to continue heightening, correspondence media discover approaches to make game changing, progressive and practical methods. Media thusly search for approaches to fulfill client requests and to make serious estimating choices for business purposes. At the end of the day, it is the interest of media and their procedures that make the serious structure wherein they build up their items. Obviously, media despite everything conduct their own statistical surveying through combining with their clients to locate the best items to create for the best arrangement. As per showcasing and promoting rules and rules, purchasers consistently put forth for the ads they see.

Saturday, August 22, 2020

Sexually Transmitted Diseases

Presentation Sexually transmitted illnesses (STDs) might be portrayed as the kind of maladies that are commonly transmitted when a contaminated individual takes part in sex with a uninfected individual. A decent and regular model is gonorrhea. It is brought about by a bacterium, Neisseria gonorrheae, whose development is positive in the warm and moist pieces of the human regenerative system.Advertising We will compose a custom report test on Sexually Transmitted Diseases explicitly for you for just $16.05 $11/page Learn More In. ladies, the bacterium can develop in the uterus, cervix just as the fallopian tube on the grounds that these zones have ideal conditions for its development and duplication. In the two people, it can develop in the urethra just as the mouth and the butt. Gonorrhea has been a typical STD in the U.S. with a gauge of more than 700,000 individuals being contaminated each year with just 50% of the diseases being accounted for to Center for Disease Control and Prev ention (CDC). In 1980s and mid 1990s, the pace of across the nation gonorrhea diseases had decreased because of the acquaintance of a program with control gonorrhea in the mid 1970s. Be that as it may, after numerous long stretches of control, the rate raised again with 120 diseases in each 100 000 populace. Transmission Gonorrhea, much the same as different STDs, is transmitted through sexual contact with a contaminated individual. The transmission may happen through butt-centric section other than the typical vaginal passage. Transmission should happen from mother to youngster. Participating in a sexual relationship doesn't, in any case, imply that somebody will get tainted yet rather may get diseases that are transmitted explicitly, for example, scabies. Individuals who have had gonorrhea and gotten treatment are at a higher danger of being reinfected once they have sex. Most diseases in the U.S. happen among young people who take part in sexual exercises. Anybody that is explici tly dynamic paying little heed to age can too get tainted. Indications of gonorrhea Not all men will show signs of gonorrhea contamination. In some different cases, the signs may just take five days to appear after disease has happened. By and large, the indications of gonorrhea contamination take up to thirty days to appear. The normal manifestations in men incorporate releases from the penis nearby a solid sentiment of warmth when one is peeing just as encountering a ton of agony in the gonads. Others will encounter visit pee (â€Å"Sexually Transmitted Diseases† 1). Most ladies who are tainted with gonorrhea don't give any indication whatsoever, however in others, the side effects are frequently not serious. Other tainted ladies have vague side effects that are bound to be thought of as vaginal diseases. Much the same as men, taint ladies may at first experience excruciating pee. Different side effects incorporate expanded entry of liquids through the vagina, a difficult m idsection and over the top release of blood in the middle of menstrual periods.Advertising Looking for report on wellbeing medication? We should check whether we can support you! Get your first paper with 15% OFF Learn More Despite having less serious manifestations, ladies tainted with gonorrhea are at higher dangers of experiencing different ailments that are related with gonorrhea. The two people may encounter rectal side effects, for example, butt-centric tingling, draining and release. At the point when the throat is tainted, the patient is probably going to build up an irritated throat. Fever may likewise be knowledgeable about both contaminated people (â€Å"Gonorrhea Overview† 1). Analysis There are diverse research center tests for diagnosing gonorrhea other than a sexual and clinical history. Tests from cervix, throat, urethra or the rectum can be acquired and dissected in a clinical research facility. The most effortless and quick research facility test is the Gram stain test which helps in recognizable proof of the bacterium through perception under a magnifying lens. Different tests incorporate culture of tests and quick test. The genital region may likewise be analyzed by the specialist. An inside pelvic assessment may likewise be directed in ladies (â€Å"Gonorrhea Overview† 1). Treatment Both types of people who are contaminated with gonorrhea can be dealt with utilizing anti-microbials which might be managed in pill structure or might be given as an infusion. A few anti-microbials just require a solitary portion to be given with just a couple of taking longer courses (â€Å"Gonorrhea† 1). The most widely recognized anti-infection agents utilized for treatment of gonorrhea are Ofloxacin and Cefixine. Hospitalization might be the place intricacies have happened particularly in ladies who may create pelvic fiery sickness. It is similarly critical to advise the specialist or clinical expert regarding a pregnancy in light of th e fact that there are a few anti-toxins that ought not be utilized by hopeful moms just as youngsters underneath the age of eighteen years (â€Å"Sexually Transmitted Diseases† 1). Early analysis and treatment of gonorrhea is significant in forestalling different entanglements, for example, loss of ripeness. The endorsed anti-infection agents ought to be taken fittingly to forestall opposition of the Neisseria gonorrheae bacterium to anti-infection agents. Entanglements related with gonorrhea When gonorrhea isn't dealt with sufficiently early, the patient may endure genuine and muddled medical issues. Ladies are bound to encounter stomach agony and fever if the disease isn't dealt with sufficiently early. Its long time impact is harm of the fallopian cylinder and this can have unfavorable impacts to the point of packaging barrenness. It likewise expands the odds of the patient to have an ectopic pregnancy where a prepared egg becomes outside the belly compromising the life of the mother and her unborn kid (â€Å"Gonorrhea† 1). Contaminated men may encounter torment in the pipes of balls if the disease isn't dealt with. In the event that untreated, this condition may cause fruitlessness. At times, gonorrhea spreads to joints and blood undermining the life of the contaminated individual. This can happen to the two people. Individuals contaminated with gonorrhea have higher odds of contracting HIV infection just as effectively transmitting the HIV infection to others who don't have gonorrhea (â€Å"Gonorrhea† 1). Avoidance The best method of forestalling gonorrhea disease is forbearance from sexual connections or taking part in a monogamous sexual relationship. It is prudent for the two accomplices to get tried to guarantee that nobody is contaminated before having an intercourse. Condoms when utilized suitably can lessen the chance of an infection.Advertising We will compose a custom report test on Sexually Transmitted Diseases explicitly fo r you for just $16.05 $11/page Learn More Genital manifestations, regularly releases and agonizing pee, ought to be accounted for to a specialist and sex halted right away. Patients that have been treated for gonorrhea ought to advise their sex accomplices with the goal that they can help from a social insurance specialist. Individuals that are tainted with gonorrhea ought not participate in any sexual relationship except if they get relieved totally (â€Å"Gonorrhea† 1). As contaminated moms conceive an offspring, the disease may go to the infant too. Determination Gonorrhea is a genuine sickness that can cause wellbeing entanglements which may prompt demise of contaminated people. It is significant for explicitly dynamic people to take preventive measures to maintain a strategic distance from new contaminations. Having just a solitary sex accomplice ought to be practiced to forestall diseases. At the point when beginning signs show up, people should see a specialist to fore stall advancement of wellbeing Works Cited Diseases and Conditions. â€Å"Gonorrhea†. 2010. Web. Gonorrhea. â€Å"Gonorrhea Overview†. 2010. Web. McHenry, Kennedy. â€Å"Sexually Transmitted Diseases.† 2010. Web. Samuelson, Javies. â€Å"Gonorrhea.† 2010. Web. Explicitly Transmitted Diseases. â€Å"Gonorrhea †CDC Fact Sheet†. 2010. Web.Advertising Searching for report on wellbeing medication? How about we check whether we can support you! Get your first paper with 15% OFF Find out More This report on Sexually Transmitted Diseases was composed and put together by client Amy Mcpherson to help you with your own investigations. You are allowed to utilize it for research and reference purposes so as to compose your own paper; in any case, you should refer to it as needs be. You can give your paper here.

Thursday, July 30, 2020

Back in the Swing COLUMBIA UNIVERSITY - SIPA Admissions Blog

Back in the Swing COLUMBIA UNIVERSITY - SIPA Admissions Blog During the summer the SIPA building is a very quiet place.   The reason for this is that we do not offer summer courses.   Each student that graduates from SIPA will have a minimum of 30 weeks of professional development experience.   15 weeks come through an internship and 15 weeks come through a workshop. Students are responsible for finding their own internships, but we offer a lot of assistance through Career Services, faculty, alumni, and current students.   We want students to be able to go anywhere in the world to complete their internship and thus we do not offer summer courses so that students can focus full time on professional development and resume building.   Workshops are group projects composed of 5-6 students working for an outside client.   The workshops are set up by faculty and administrators and students pick from a predetermined list.   Workshops take place during the academic year. Back to the point of this entry . . . the quiet atmosphere of SIPA will cease next Monday as we welcome new students for Orientation and the following week returning students will be back for the start of classes.   Once classes start the building buzzes with activity each and every day.   It is typical for there to be 10-15 events each week featuring amazing speakers.   Here is just a taste of what will be featuring as the semester starts. We will have Leaders in Global Energy lecture series starting on September 15.   Opening remarks will be given by Nabuo Tanaka of the International Energy Agency.   He will be followed by the Portuguese Prime Minister, Jose Socrates, in late September. CH Tung, the first Chief Executive of Hong Kong and one of SIPAs Global Fellows will be speaking on US-China Relations on September 17. EU Commission President Jose Manuel Barroso will be speaking at the World Leaders Forum on campus and will likely address SIPA students following the main university event. We will have updates on the blog regarding events so stay tuned.

Friday, May 22, 2020

Analysis Of The Movie The Film - 918 Words

Mehta’s Films The film Water (2005) was hard for me to watch. The social status of females that are widows was a heartbreaking, emotional and psychologically damaging. Chuyia, is an 8-year-old child, she does remember getting married, but is woken by her father to say she will be now living in an ashram- a place for widows- these widows are to live here due to her sins being the reason that her husband passed. Madhumati is the ruler of the ashram, she is a fowl woman. Her way of making money is to sell the widows to men for sex. She eventually sells Chuyia to a man stripping all of the innocence, self-esteem and life out of this child. Chuyia finds a friend in ashram Kalyani, a young beautiful girl that is used as a prostitute. Kalyni helps in comforting Chuyia giving her hope and determination. This relationship was Chuyia’s saving grace, I am sure she would have been killed before reaching age 9 due to her defiance and tantrums. Kalyni meets a handsome man Narayan, reformist, li beral Brahmin, a follower of Gandhi. He falls in love with Kalyni and is determined to marry her. When he brings her to his home, she discovers that Narayan’s father is one of her clients. When Narayan confronts his father about sleeping with Kalyni he says â€Å"Brahmins can sleep with whomever they want, and the women with whom they sleep are blessed.† (Water 2005) Narayan, is furious and storms off to find Kalyni and tell her he still wants to marry her. Kalyni is found in the waterShow MoreRelatedMovie Analysis : Movie Of A Film 2032 Words   |  9 Pagesthe auteur category of films, we went from films having a clear plot, ending, and meaning, to films having endings, plots, and meanings the audience had to actually sit and think about to find to find out what exactly the director was trying to portray. This is caused by directors that are considered auteurs. These directors wanted their viewers to be able to come up with their own meaning instead of just giving it to them. They want the audience to think as they watch the movie, instead of sittingRead MoreMovie Analysis : Film And Film1109 Words   |  5 PagesEver since I could remember, I have been interesting in films and film memorabilia. It didn’t even have to be like legit props that were used on set of the films either, tie in products tickled my itch also. I vividly remember in 2007, having my mom drive me an hour away just so that I could get my hands on a box of Krusty-O’s that were a 7-11 exclusive cereal to promote The Simpsons Movie. I still have the box sitting on my shelf of important trinkets in my room, next to my Burger King exclusiveRead MoreFilm Analysis : Movie, Film, And Films1706 Words   |  7 PagesBackground As a medium, films act as a very effective medium to share the stories and affecting people’s life. Since ancient times, the stage has been utilized to tell stories. When the motion picture was invented in the 19th century, it instantaneously captivates the world. Films have the power to hypnotize, bringing its viewer to certain realms. With its power to subdue its subject, film becomes a vocal tool to get inside people’s mind. Just like literature, film also creates and promotes culturesRead MoreMovie Analysis : Film Analysis Of The Movie The Help796 Words   |  4 Pagesâ€Å"The Help† Analysis Paper During the 1960’s , americans underwent an era of critical issues in the United States. Throughout this time, the United States was in a stage of racial issues where racism was still openly accepted of society. The struggle by African-Americans to achieve rights equal to those that white people received was also known as the Civil Rights Movement. That included having an opportunity in employment, voting rights, having access to public facilities, education andRead MoreFilm Analysis : Movie Of A Film 1233 Words   |  5 PagesFor anyone who has ever watched a film is a critic in some form. They judge various aspects based on personal feelings or attitudes, then state them for anybody to hear. I, the writer, am guilty of this type of film analysis. I based my ‘review’ of a film solely on how I felt the narrative evolved or how well the acting was done. I never considered why the rhetor of film choose certain details or what might have influenced the rhe tor in the first place. However, through this course I was exposedRead MoreMovie Analysis : Film And Film870 Words   |  4 Pagesthe storylines of films and helps categorise them in order to be identified when people come to look for a film to maybe help determine whether you are going to like the film or not. Genre can set scenes in order for us to know what type of film we may be watching e.g.: if you were to be watching a horror film you would have spooky, dull and dark lighting. This would set the scene letting us know that this film will most likely be a horror film. Knowing the type of genre of the film you are watchingRead MoreMovie Analysis : The Movie The Film 2659 Words   |  11 Pagesa decade old. All the youngsters in these educational doldrums had fluffy feathered mullets and strong cockney accents, film locations were churlish high-rise council blocks that surmounted concrete doom in its infrastructure. And a cast of dreadful actors so utterly depressing to look a t you had to wonder where their future in acting ended up. We had to view these insipid films on a geriatric Sony trinitron, snuggled in a cardigan of wood, volume exceedingly loud you could hear a margin of whiteRead MoreAnalysis Of The Movie The Film 1099 Words   |  5 Pagesother videos because it discussed different qualities the city has. I believe that Third Ward is a city where many of its residents are over looked by people in the city next to it, Houston. This video was produced by Andrew Garrison in 2007. In the film the director does an amazing job of highlighting the main problems of Third Ward TX. He also does a good job of highlighting the good things about it. They show the poor part of Texas where they have taken the old houses and renovated them. They madeRead MoreAnalysis Of The Movie The Film 1715 Words   |  7 PagesMichael Hughes Romero (the movie) is a biopic movie released in 1989 American biopic which depicts the life and death of the Salvadoran Archbishop Oscar Romero, who led peaceful protests against a violent military regime and made sure the people knew the truth, even though this ended up costing him his life. He is portrayed in the movie by Raul Julia. Óscar Arnulfo Romero y Galdà ¡mez was born in 1917 and died March 24 1980. Romero was a high ranking member of the Catholic Church, who served asRead MoreMovie Analysis : Film 1250 Words   |  5 PagesThe film I chose to analyze is Need for Speed. This film portrays two different characters who play on opposite sides of morality. One, Dino, is a character who is selfish, lack morals, and is an a-typical jerk. He does not accept consequences, and puts his own needs and wants above anyone else, no matter the ramifications. The other is the character of Toby who is a direct contrast. While Toby may be spurred by justice throughout the film, he is consistently focused his morals, who constantly is

Saturday, May 9, 2020

The Secret Details About Ap Lang 2017 Essay Samples That Most People Do Not Know About

The Secret Details About Ap Lang 2017 Essay Samples That Most People Do Not Know About Furthermore, the paragraph doesn't support the notion that polite speech conveys tone online as it primarily focuses on the absence of polite speech on some pieces of the web. Your study of some other language not only offers you the capability to express thoughts and ideas but in addition provides you with accessibility to perspectives and knowledge that can only be purchased through the language and culture. Most recognized the figurative language employed in the passage and had the ability to incorporate examples in their essays. Be aware the usage of description and narration. Here's What I Know About Ap Lang 2017 Essay Samples When you're writing an English essay, you have zero chance to confirm your paper by another individual. You are able to work on the prompt types which you find the most difficult or practice outlining essays in a particular period of time, or writing all 3 essa ys in 120 minutes. Organize your ideas logically, and take care to keep on this issue. Rhetorical analysis addresses the author and his intentions. Based on your assignment, you may have to select a main text. Though the writer's ideas are usually understandable, the constraint of language is often immature. In addition, the interface is slightly clunky. Simply take every chance to use the language as much as you are able to. Type of Ap Lang 2017 Essay Samples By way of example, Nestle USA was paying 29 unique rates for vanilla from the exact same vendor. The character of consolidation lets any Nestle USA employees relocate to a different factory without any issues without having to adjust to branches' processes. In the united states, since food is easy to get, it's simple to be unaware of certain elements that go together with the purchasing and eating of food. Food and beverages which have been heavily marketed can readily be bought. Attempt to choose the best devices to strengthen your argument that you are able to. Incorrect assertions could possibly be made about the passage. As an attorney, I am conscious of the several similar propositions flying about on the web and I have to confess I was reluctant to take up this job, but having carried out my investigations and confirm it's accurate, I can confidently tell you this is no scam. Your exam is broken into portions. Knowing the question you're answering is the most essential portion of AP writing. Before entering any AP class, it's ideal to read over the program overview and become acquainted with the exam. Whenever you do take practice tests, it can be of help to find somebody else to aid grade your free-response essays dependent on the rubric. Instead, you would like to analyze the essay and make certain that your claim is supported. But don't forget the AP argument FRQ is intended to test how well you are able to craft an argument. Tie every claim you make to a bit of evidence to make sure the very best essay possible. The evidence is a significant portion of your essay. Six sources are supplied for students to contemplate when developing their position. If you wish to track your scores, you can earn a completely free account with Varsity Tutors, but it's not essential in order to access the quizzes. Please contact Susan Barber for more details. The Hidden Secret of Ap Lang 2017 Essay Samples Although there are just two short paragraphs, there's a great deal of room for confusion here. Attempting to use the terms will allow you to learn the concepts much superior than simple memorization. Most students have found themselves in circumstances where they need to compose essays but cannot appear to get the strength or right sort of motivation to do this. Thus, don't be scared to devote some time crafting that argument. Where to Find Ap Lang 2017 Essay Samples In the usa, food is frequently an afterthought, but so as to enhance the system, we will nee d to get informed. You hold the ability to modify the system. Some men and women write the abstract as their final bit of work on a specific paper. Imagine this individual disagrees with everything which you say. When people online aren't polite, they don't fret about their tone whatsoever, and it offends people. Some of us will cite your article in their work on the grounds of having read your abstract, therefore it's very worth when making the abstract the absolute best that you are able to. Do not be worried about what others consider your thoughts. Find out how their brains work, study and learn to become on the exact same wavelength since a few of the strongest minds on earth.

Wednesday, May 6, 2020

Introduction to Entrepreneurial Finance Free Essays

Entrepreneurial Finance Philippe Gregoire Louvain School of Management – Universite catholique de Louvain Reference book : Entrepreneurial finance, a casebook. Paul A. Gompers and William A. We will write a custom essay sample on Introduction to Entrepreneurial Finance or any similar topic only for you Order Now Sahlman. John Wiley Sons, Inc. 2002 1 Entrepreneurial finance Project assessment (POCD) Funding (amount, firm’s value, best partner) Deal (ownership / control / incentives) Exit (IPO) Project Assessment †¢ 4 critical success factors for entrepreneurial ventures ? ? ? ? People Opportunity Deal Context 3 People I’d rather back a ‘A’ team with a ‘B’ idea than a ‘B’ team with an ‘A’ idea †¢ Who are the key players What is their experience †¢ How does this experience prepare or not prepare them for the opportunity that exists †¢ What are strengths and weakness of the people involved on all sides of the transaction †¢ Are there key individuals that the company should add or replace 4 Opportunity †¢ New product / service ? Smartphone, †¢ New method of delivery ? Amazon. com †¢ New production technique ? Ernest Solvay patent (1861) to manufacture soda ash (enter in detergent, glass, â € ¦) †¢ Is there a sustainable competitive advantage †¢ Must the opportunity be exploited immediately †¢ Are there intermediate milestones 5 Deal †¢ Spending money is not enough. Incentives and contingencies are important considerations. ? Key to all these structural features is the concept of the entrepreneur earning his/her equity through value creation. †¢ Moral hazard and adverse selection ? Entrepreneur bear the downside risk †¢ Choice of appropriate investors ? for whom you raise capital is often more important than the terms †¢ Selection of the proper financial instrument ? ? ? Debt Equities Convertibles / preferred convertibles 6 Securities held by Venture Capitalists †¢ (Source: Kaplan-Stromberg, 2003) Context †¢ Competition †¢ Regulation †¢ International environment †¢ Economic conditions 8 Introduction to entrepreneurial finance †¢ Finance ? Study of value and resources allocation (capital budgeting) †¢ †¢ †¢ Value of cash stream = f(magnitude, timing, riskiness) Economic value = Expected return = PV ? ? T t ? 1 E? Rt ? ? rf ? Risk premium CFt ? 1 ? E ? Rt t ? Cost of capital †¢ Capital rationing †¢ Entrepreneurship ? Focus on opportunities rather than controlling existing resources †¢ Entrepreneurial finance ? ? Financial management within entrepreneurial firms Study on both sides of the balanced sheet 9 The Balance Sheet of a Corporation Assets = use of funds Current (Short-term) assets Cash Accounts receivable Inventories Others (various claims) Fixed (long-term) assets Land Buildings Machineries Equipment Liabilities = sources of funds (Capital structure) Current (Short-term) Liabilities Accounts payable Short-term debt †¦ Long-term Liabilities: Equity: Provided by shareholders (= owners of the company) Long-term Debt: Provided by creditors such as banks 10 Others Accounting Income versus Cash Flow †¢ Cash income ? ccounting income †¢ Whereas accountants try to match revenues with expenses, managers and investors focus on the difference between cash inflow and cash outflow. †¢ Cash flow = the amount of cash income (= inflow – outflow of cash) that is generated in any period †¢ Formally, 11 The Cash Cycle of a Firm †¢ Cash cycle: average time between when a firm pays for its inventory and when it rece ives cash from the sale of its product 12 Sources of Entrepreneurial Finance Bootstrapping Stock markets (IPO) 3Fs Leasing Governmental organizations 13 Section 1. Investment analysis Module 1. A : Source of value ? ? Introduction to entrepreneurial finance Case study †¢ Module 1. B : Financial statements and pro forma models ? Case study †¢ Module 1. C : Purchasing firms, buyouts, and valuation ? ? Valuation in entrepreneurial finance Case study †¢ Additional (Optional) Reading and References: Smith/Smith: Entrepreneurial Finance, Wiley Edition. Sahlman/Stevenson/Roberts/Bhide: The Entrepreneurial Venture, HBS Press. 14 Section 2. Financing the entrepreneurial firm †¢ Module 2. A : Venture capital ? ? Private equity Case study †¢ Module 2. B : Angel financing ? Case study 15 Section 3. Harvesting †¢ Module 3. A : Initial Public Offerings ? ? IPO process Case study †¢ Module 3. B : Acquisitions ? Case study 16 Module 1A. Sources of value †¢ 4 stages of entrepreneurship ? ? ? ? Identifying opportunities Acquiring the financial, professional, and productive resources Implementing a plan of actions Harvesting the rewards †¢ 4 critical success factors for entrepreneurial ventures ? ? ? ? People Opportunity Deal Context 17 The Knot – People – Opportunity – Valuation – Deal structuring – Source of capital 18 Business Case Success as one of the early AOL Greenhouse companies – 3-book deal with Bantam Doubleday – Strong interest from advertisers – Significant traffic at its website 2 issues – Out of cash within 3 months – Race for scale economies on the internet To build the country ‘s number-one wedding resource, Liu needs 10 millio ns 19 People (Core founding team) †¢ †¢ All media people with experience in software, video, etc. Good understanding of design and presentation †¢ Lack of operational expertise, retail experience, and marketing 20 Opportunity †¢ †¢ †¢ Stable number of wedding Recessions have very little impact Event tied to significant expenditures ? ? Wedding party Guests †¢ †¢ †¢ †¢ Size of the market (35 billion) High advertising rate Stagnant competition, lethargic and not very innovative Couples planning to get married ? ? ? have relatively high income Are fairly young plan major life purchases ? are not very price sensitive 21 Opportunity ? Cash Flow Transformed the opportunity into cash flow = Business model = set of factors that together determine the cash flows a company can generate and create value The Knot : registry / advertising / merchandise / publishing and others 2 22 The Knot – People – Opportunity – Valuation – Deal structuring – Source of capital 23 Valuation †¢ Cash flow is the source of value †¢ To date, the Knot has posted losses and is expected to post losses for at least 2 more years †¢ It is difficult to use earnings to estimate the probability of generating fu ture cash flows. †¢ Revenues and mix of revenues appear to be a better measure †¢ Multiple of revenues method. Compare to firms on the basis of ? ? ? ? Stage of development Business model Target market size Size of the investment round 24 List of comparable transactions 25 Discount cash flow analysis Most forecasts are widely optimistic. Discounted cash flow valuations only work when one gets an estimate of the expected CF 26 Actual income statement 27 Split of Revenues 28 Forecasted statement of cash flows 29 Actual statement of cash flows In Millions of USD (except for per share items) Net Income/Starting Line Depreciation/Depletion Amortization Deferred Taxes Non-Cash Items Changes in Working Capital Cash from Operating Activities 2011 5. 99 3. 74 0. 96 2. 78 11. 89 -1. 31 24. 05 2010 3. 65 3. 43 1. 78 2. 3 8 -8. 11 11. 06 2009 -4. 87 4. 75 5. 09 -1. 6 13. 83 -4. 92 12. 33 2008 4. 13 4. 84 3. 98 0. 56 6. 16 0. 2 19. 87 30 The Knot – People – Opportunity – Valuation – Deal structuring – Source of capital 31 Initial deal †¢ Initial investment : strategic partner ? Expect from AOL money, exposure and distribution  « more than just dollars to the deal  » AOL invested 1. 85 million in return for 45%, for royalt ies amounting to 20% of ad revenues on The Knot’s AOL site and a lesser % of ad revenues on The Knot’s internet site. ? †¢ The deal with AOL provided instant reach and credibility to The Knot †¢ Is the deal expensive for The Knot? 32 Ownership after AOL deal 33 Financing the Knot (new deal) 34 Convertible preferred †¢ Preferred has higher priority than common stock ? In the event of a firm’s sale or liquidation, holders of preferred stock get paid before common stockholders do. Entrepreneurs have greater incentive because if things don’t go well, the investor will be paid first Downside risk is borne by the entrepreneur ? ? †¢ Tax considerations ? Entrepreneurs pay taxes on the value of common stock that they have received. ? Investing in preferred stock does not change the price of common stocks. 35 Financing the Knot Why should they invest? To develop The Knot brand, to build out the technological infrastructure, to develop the gift registry business ? Practically, The Knot needs capital to fund the payroll and pay for day-to-day operating expenses †¢ How much money? Forecasted statement of cash flow †¢ Who should invest in The Knot? Business Angel, Venture Capitalist, Strategi c Partner †¢ How should they value The Knot? Comparable deals on the market, multiple of revenues 36 Investor’s profile †¢ Angels + Higher valuation + – Someone with an experience in the registry business Limited capital ? ay not be able to provide capital in the future if needed Less helpful in recruiting others to the team †¢ Venture Capitalist + + – Large pools of capital and make multiple rounds of investment Network of contacts in the management and financial community Lower valuation †¢ Strategic partner + + – Experience in the business (retailer, wedding registries,†¦) Provide distribution and name recognition Conflicts of interest 37 What happened? May 1998, Venture Capitalist invested $3m for 22% ? $10. 6m pre-money valuation (3/(10. 6+3)=22%) April 1999, Venture Capitalist invested $15m December 1999, IPO 38 How to cite Introduction to Entrepreneurial Finance, Papers

Wednesday, April 29, 2020

There I was, standing high on top of a mountain Essay Example For Students

There I was, standing high on top of a mountain Essay There I was, standing high on top of a mountain. Standing alone and feeling the gentle breeze .My friends were all left behind and I wondered if I was lost! I shouted and tried to find out where my friends were. Once, twice, thriceà ¢Ã¢â€š ¬Ã‚ ¦I tried, but no reply. I sat there waiting. No one came up for many hours. Where are all these people gone? Not a single clue of their presence. I realize I have come on the wrong track and getting back to the right track seems almost impossible. I can see no way to get back with my friends. I kept thinking of a solution to my problem. What do I do? How do I go? Again I shouted. This time, at God. I called for him, dear God. Can you hear me? I need your help and so I kept shouting. All in vain. No response. Silence! The only sound I heard wasà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦MY ECHOES! It seemed à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ like several voices shouting together. I kept saying, Oh God! I have so much faith in you. You are the one who is always there for everyone. You help everyone in there difficulties. Help me too. Please God help me I kept repeating these sentences. God didnt replyà ƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ he gave me no clue. Oh God! I have so much of faith in you. You are the only one who is always there to help everyoneà ¢Ã¢â€š ¬Ã‚ ¦ We will write a custom essay on There I was, standing high on top of a mountain specifically for you for only $16.38 $13.9/page Order now Then all of a sudden I heard someone saying, Yes, my child. I am always there for you and here I am talking to you. I was shocked. Did I really hear something as such or was it just my pretension? Lets give another tryà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦I asked, Dear God, as you know, I have got fixed into a problem. I have got to reach to my friends or at least get down the mountain. Please tell me what should I do Only you can help me. And to my surprise someone did reply. It was God himself! He replied, Oh son of the Earth! There is a way and I could tell you thatà ¢Ã¢â€š ¬Ã‚ ¦butà ¢Ã¢â€š ¬Ã‚ ¦can you take it as a challenge? Can you find the way on your own? As, if I were to do everything for everyone in the world then how could anyone have had experienced the best parts of the life But Godà ¢Ã¢â€š ¬Ã‚ ¦ I was about to say further and he interrupted. There is nothing like butMY DEAR CHILD! Life is a challenge; take it. You like adventures dont you? I think you do and thats why you are on this excursion to the mountain. Remember I am always there for those who have faith in them and me too. But everything else, has to be done by you yourself and just see the result. You will receive the total satisfaction AND You will be the happiest person of the world