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 |
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