Several successful businesspeople establish a partnership with each other.They combine their financial resources and use the resultant pool of resources to make equity investments in various high-growth new ventures.In the context of equity funding, the partnership and the pooled resources of the businesspeople are best described as

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A venture capital fund is formed when a group of investors pool their money together to invest in high-growth companies that are typically in their early stages. The partnership described in the scenario combines financial resources to make equity investments in new ventures, which aligns with the characteristics of a venture capital fund. In contrast, an angel investment scheme typically involves individuals investing smaller amounts of their own money, crowdfunding involves raising funds from a large number of people over the internet, and an asset lease arrangement is a type of financing for tangible assets.

Several Successful Businesspeople Establish a Partnership with Each Other