Elliot's long-time interest in and knowledge of computers enabled him to design a new hard drive that is better than anything else on the market. Elliot's product and business plan will likely attract several sources of financing if he is willing to give up part ownership in his company.

Question

Quizplus · Accepted Answer

Venture capitalists are individuals or companies that invest in new businesses in exchange for partial ownership of those businesses. However, as a result of the bursting dot-com bubble, many venture capitalists have reduced how much they are willing to invest in a high-tech venture and have increased their required rate of return.

Elliot's Long-Time Interest in and Knowledge of Computers Enabled Him