Grassroots Wireless
Company Summary
Grassroots Wireless will be formed in 2003 to offer an inexpensive, wireless broadband Internet connection to compete with DSL or cable offerings. Using Wi-fi technology, it is inexpensive to set up a neighborhood network. The company was founded by Steve Teche. Steve will rely on outside investors for the necessary start-up costs.
2.1 Company Ownership
Grassroots Wireless is an Illinois L.L.C. with Steve Teche as the principal and majority owner.
2.2 Start-up Summary
Equipment that will be needed is as follows:
- Three computer workstations;
- Wireless access point;
- Five repeaters;
- Five antennas;
- Assorted office equipment and supplies.

Start-up Funding | |
Start-up Expenses to Fund | $9,500 |
Start-up Assets to Fund | $60,500 |
Total Funding Required | $70,000 |
Assets | |
Non-cash Assets from Start-up | $5,000 |
Cash Requirements from Start-up | $55,500 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $55,500 |
Total Assets | $60,500 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $0 |
Capital | |
Planned Investment | |
Investor 1 | $15,000 |
Investor 2 | $55,000 |
Additional Investment Requirement | $0 |
Total Planned Investment | $70,000 |
Loss at Start-up (Start-up Expenses) | ($9,500) |
Total Capital | $60,500 |
Total Capital and Liabilities | $60,500 |
Total Funding | $70,000 |
Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $2,000 |
Stationery etc. | $100 |
Consultants | $1,000 |
Insurance | $200 |
Rent | $200 |
Research and Development | $1,000 |
Expensed Equipment | $5,000 |
Total Start-up Expenses | $9,500 |
Start-up Assets | |
Cash Required | $55,500 |
Other Current Assets | $0 |
Long-term Assets | $5,000 |
Total Assets | $60,500 |
Total Requirements | $70,000 |