1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
The biggest surprise in this chapter was reading the due diligence section, which highlighted an entrepreneur's role of thoroughly analyzing every facet of an existing business if he or she plans to acquire it. The author provided extensive detail in regards to the major features that are critical to know in a potential candidate for acquisition.
2) Identify at least one part of the reading that was confusing to you.
One part of the reading that was confusing was the pricing formula.
3) If you were able to ask two questions to the author, what would you ask? Why?
What are some companies that currently exist in a particular industry that would be better off if they rolled up? It always interesting to see news of companies merging together, like the merger of Cingular & At&t, or T-Mobile and MetroPcs.
What are the best ways to obtain an objective valuation of your own start-up? Emotional biases play a huge factor in the downfalls of most entrepreneurs' start-ups.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
No, there wasn't anything to disagree about in this chapter as the information provided was backed by research and studies.
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