Question

Suppose you and a friend developed a new technology for home computer systems. However, you both need to raise a large amount of capital to build the production and support facilities to market the product successtully. Explain which of the business type would be best suited to help the company raise the necessary capital to begin production.

Answer 1

A business venture such as this would likely be best suited for a startup company that is looking to raise a lot of capital quickly. A venture capital firm or an angel investor would likely be the best option for this type of business.

Step-by-step explanation: