Jose has successfully initiated a business of repairing cars. However, without immediate income to sustain the business, he may have to shut shop. His friend, Adam, invests in the company and gives the company a much-required boost. Adam is an example of a(n) ________.

Question

Quizplus · Accepted Answer

Adam is an angel investor as he provided the company with the necessary investment to sustain the business without the expectation of immediate returns. A bank financier typically provides loans, a venture capitalist invests in high-growth potential startups, a crowd funder sources funds from a large number of people, and a private equity investor invests in established companies to help them grow and improve their operations.

Jose Has Successfully Initiated a Business of Repairing Cars