SolidWorks

SolidWorks raised $ 3.8 million from the first round of venture capital and has made very good progress with the money. It is a product developed getting rave reviews. It has established sales channels and began shipping product. SolidWorks estimates that in the second round of funding, it needs to take to $ 4.5 million in profit. Jon Deer Tick and his team must decide whether to take $ 4.5 million or as much as $ 10 million in this round of financing.

SolidWorks raised $ 3.8 million from the first round of venture capital and has made very good progress with the money. It is a product developed getting rave reviews. It has established sales channels and began shipping product. SolidWorks estimates that in the second round of funding, it needs to take to $ 4.5 million in profit. Jon Deer Tick and his team must decide whether to take $ 4.5 million or as much as $ 10 million in this round of financing.
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from
Dan D’Heilly,
William D. Bygrave
Source: Babson College
7 pages.
Release Date: 1 January 2000. Prod #: BAB068-PDF-ENG
SolidWorks HBR case solution