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<h2 class="hd hd-2 unit-title">Perspective is Important</h2>
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<h2 class="hd hd-2 unit-title">What is Venture Capital</h2>
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<h2 class="hd hd-2 unit-title">The Term Sheet</h2>
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<h2 class="hd hd-2 unit-title">Staged Commitment and Dilution</h2>
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<p style="text-align: left;">The graph below calculates the pre-money and post-money valuation of a start-up receiving external funding. What happens to the pre-money valuation as the equity the investor receives in exchange for a fixed investment increases?</p>
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<h2 class="hd hd-2 unit-title">Challenges for the Entrepreneur</h2>
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