... purchased, and at what valuation, whatspecial rights will attach to the securities, and what mandatoryreturns will be built into the securities. You need to think about how much capital you really need, ... need, when you really need it, and whether there are alternative ways to obtain these resources. Another way to look at how these four components must bebalanced is to consider the natural ... critical factors: risk,reward, control, and capital. You and your source of venture funds willeach have your own ideas as to how these factors should be weight-ed and balanced, as shown in Figure...