An entrepreneur opens an Internet start-up and secures substantial venture capital. Which of these best defines venture capital? interest paid on money borrowed from the government funds used to promote buisness growth wages for workers who provide techinical assistance fees charged for the creation of a business plan

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter7: Types And Costs Of Financial Capital
Section: Chapter Questions
Problem 24DQ
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An entrepreneur opens an Internet start-up and secures substantial venture capital. Which of these best defines venture capital?

  1. interest paid on money borrowed from the government
  2. funds used to promote buisness growth
  3. wages for workers who provide techinical assistance
  4. fees charged for the creation of a business plan
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