Week 13 Reading Reflection

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? 

Ø  It surprised me to know that Facebook was valued the same as Amazon.com. I would have thought that Amazon was valued more than Facebook, because it is the biggest and most vast eCommerce site. Facebook is more of a social media and advertisement site. I wouldn’t have guessed that they would be equal.

2)      Identify at least one part of the reading that was confusing to you.

Ø  There was nothing in the text that I was truly confused about. However, I didn’t realize how much information was used for valuing a business. The content doesn’t confuse me, because I have taken financial classes in the past. Otherwise, financial terms used in the text would have confused me.

3)      If you were able to ask two questions to the author, what would you ask? Why?

Ø  While analyzing the total amount needed to buy a business, why is there a time given of three months? Is this the average time frame of settlement? I would ask this, because it wasn’t clear in the text.

Ø  Can you give me a real world example of an entrepreneur who had a vision for a venture that differed from the investors goals? The author talked about divergent goals. I wanted a detailed explanation.

4)      Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

Ø  There was nothing that I could disagree with the author. Except for Facebook’s valuation being equal to Amazon’s. I still couldn’t believe that. I also feel like Facebook is hard to estimate, being a social media website. Yes, millions of people are on the site daily. Except, millions of people are also shopping on Amazon daily. Therefore the real or fantasy question is the truth.