Yesterday we had to woo investors with a presentation about our company to be able to invest for the future quarters. I do not know about you, but I hate talking in front of people. I always get so nervous, forget what I am supposed to say and never remember what I have said when I am done. So when it was time for my group (Ace) I was not feeling to good, and I was supposed to start talking. But there was a bit of a problem with the projector and I just got more nervous, but I got through it and felt relieved after.
The next part of the class suited me better as we had to now get the investors to give us their money. The first investor wanted to give us 1 million for a fairly good price after some negotiations and we happily went on to the next one. Here we got the whole sum of 4 million for a better price J. I think the whole group got a little exited and did not negotiate hard enough (mental note for future), we could have gotten even more money per share I think. We could have gotten even more money from the third investor, but as we could only have a total of 4 million we had to stop. But as we had the best financial statements of all the companies it was quite easy to get the money, so we really should have been a bit harder with the negotiation about the price of the shares.
Over all I like the simulation game! I do not know about you, but I am learning a lot and like that you quite quick get feedback about how your decisions affect the company. As of now we have the largest market share closely followed by BeGroove Tec and far the best financial score. But the question is, will it continue this way? Have we made the right choices for the next quarter and will we keep our position? We will see on Friday.
Do you have the same problem with stage fright as me? Or do you have any tips?