Lily and Bob own a company and have been developing a product that they want to take to market. To do this they need substantial investment that they are unable to raise from their own savings. They are thinking of approaching a venture capita firm and ask you for advice as they know you studied finance. Explain the process of obtaining venture capital. What woulo that mean for their company?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10PB: You are a consultant for several emerging, high growth technology firms that were started locally...
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Lily and Bob own a company and have been developing a product that they want to take to market. To do this they need substantial investment that they are unable to raise from their own savings. They are thinking of approaching a venture capita firm and ask you for advice as they know you studied finance. Explain the process of obtaining venture capital. What woulo that mean for their company?

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