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Financial Options for a Startup

In: Business and Management

Submitted By nico1
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Hochschule Rosenheim University Of Applied Sciences

Financial options

What options does a start up have to finance itself in the current market?

Seminar paper
University of Applied Sciences
Fachhochschule Rosenheim faculty of business administration

Presented by: Nicolas Jacobs
Sebastian Zeitz
Date: 12/18/2013

Address: Hochschulstraße 1 83024 Rosenheim
Matr. -Nr.: 822416 739045
Advisor: Prof. Dr. Ralph Kriechbaum
Table of Contents
1. Introduction 3
1.1 Current market situation 3
1.2 Economic role of start-ups 4
2. Start-up life cycle 4
2.1 Early business stages 5 2.1.1 Seed stage 5 2.1.2 Start-up stage 5 2.1.3 Early stage 5
2.2 Expansion stages 5 2.2.1 Second stage 5 2.2.2 Third stage 6
2.3 Late business stages 6 2.3.1 Mezzanine phase 6 2.3.2 Bridge phase 6 2.3.3 Liquidation phase 6
3. Financial options 7
3.1 Seed financing sources 7 3.1.1 Angel investors 7 3.1.2 Incubators 8 3.1.3 Accelerators 8 3.1.5 Vendor Financing 9 3.1.6 Crowdfunding 9
3.2 Late financing sources 11 3.2.1 Mezzanine financing 11 3.2.2 Bridge financing 11 3.2.3 Initial Public Offering 12 3.2.4 Credits & Loans 12
4. A real life story 12
4.1 TransferWise 13
5. Conclusion 14
6. References 15
6.1 E-Books 15
6.2 Webpages 15
7. Honest declaration 16

1. Introduction
This thesis has been written in the period of 9th of October and 18th of December. All of the used literature depends on print as well as on online sources. It contains e-books, online papers, magazines and personal experiences.

1.1 Current market situation
As one of many different reports about our current market situation, the seasonal forecast by EU commission is nowadays the most expected one at the stock exchanges in the world. And so it was like, when…...

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