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Revolights (Case 10.1)
1. Despite raising over $1.8 million in equity financing and crowdfunding, Revolights went out of business in 2019, because "we simply no longer have the resources". Look at the 6 points mentioned in the "Outside Money is Plan Z" reading. Which, if any, of these points do you think likely contributed to Revolights going out of business? Thoroughly explain your answer and make sure to support each point you make with specific examples from the case.
2. Discuss ways that Revolights could have potentially used bootstrapping to avoid external funding. Draw on the textbook chapter and the"You Need Less Than You Think" reading. Again, support your arguments with examples from the case.
High Ltd owns all of the shares of Ben Ltd. On 1 September 2019, High Ltd sold inventory to Ben Ltd for $60 000, the inventory costs High Ltd $30 000. One third
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