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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 661 |
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Staples had decided to, against the will of a few of the venture capitalists, to open a distribution center in Connecticut to support its stores. This allowed them to open smaller stores and supply store inventory for its distribution center. This saved on rent and also labor.
Another challenge the company faced was establishing funds to open its first stores...
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This allowed them to open smaller stores and supply store inventory for its distribution center. This saved on rent and also labor.
Another challenge the company faced was establishing funds to open its first stores. Stemberg had marketed his business idea to various venture capitalists however they were valuing his company at $6M and thus wanted a 67% stake in the company for a $4M investment...
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