Week 8 Reading Reflection

I thought it was surprising that obtaining VC funding is difficult and VC firms expect very high returns, yet aren't interested in controlling the business or having say in day to day decisions. The most confusing part of the reading was in regard to "equity debentures." I'm not exactly clear on what an unsecured loan is. Although this isn't the focus of the class, I would still like clarification to better understand equity financing. If I could ask the author two questions, I would ask what the most popular type of equity financing is. Moreover, I would ask for more differences between accredited purchasers and sophisticated investors. I disagree that debt financing is not a choice, since debt securities can have less risk on average than equity investments, due to equity investments' volatility with the market.