Karl is interested in starting his own website design business. He has designed several websites for his friends, his service fraternity, and his sister's dance team. Karl needs some funding in order to advertise his business and purchase a new computer. Which of the following should Karl seek funding from?

Question

Quizplus · Accepted Answer

Since Karl is just starting out and only needs funding for advertising and a new computer, seeking funding from venture capitalists or angel investors may not be the best option as they generally invest larger amounts of money in startups with high growth potential. A bank loan may also not be feasible as Karl may not have the credit history or collateral required to secure a loan. Friends and family, on the other hand, may be more willing to provide smaller amounts of funding without the strict requirements of traditional investors or loans.

Karl Is Interested in Starting His Own Website Design Business