Emma and Hailey have grown their subscription cosmetics business by 500% each of the last two years. They have the potential to rapidly grow much larger if they could get access to the right funding. They are talking to some firms that specialize in funding high-growth companies. Emma and Hailey realize the funding decisions made by these firms are highly competitive and selective. What type of funding are they pursuing?

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Emma and Hailey are pursuing venture capital funding since they have a high-growth business that has grown by 500% each of the last two years and has potential for rapid growth. Venture capitalists specialize in funding high-growth companies and can provide the necessary funding, resources, and expertise to help the business grow even further. The reference to competitive and selective funding decisions also supports the idea that they are pursuing venture capital funding, as it is a highly competitive market with firms vying to invest in the best opportunities. Bank lending and public stock offerings are not typically used for high-growth companies, and angel investors tend to provide smaller amounts of funding to early-stage startups.

Emma and Hailey Have Grown Their Subscription Cosmetics Business by 500