The type of financing Evangeline received from a business angel is known as
A) formal venture capital.
B) informal venture capital.
C) a formal business loan.
D) an informal investment.

Question

Quizplus · Accepted Answer

The type of financing Evangeline received from a business angel is known as informal venture capital. Informal venture capital involves individual investors providing funding to startups and small businesses in exchange for equity or ownership in the company. This is different from formal venture capital, which involves firms that manage large funds providing investments to startups, and formal business loans, which involve a lending institution providing funds that must be repaid with interest.

The Type of Financing Evangeline Received from a Business Angel