Ted's new company is experiencing a steady decline in profit. He needs external financing to prevent his company's profits from declining further. Considering the fact that he wants to exercise sole ownership and control over the firm for as long as possible, Ted is likely to find angel investors who are interested in helping him meet his financial needs.

Question

Quizplus · Accepted Answer

Angel investors typically seek equity in exchange for their investment, which would mean Ted would have to give up some ownership and control of his company.

Ted's New Company Is Experiencing a Steady Decline in Profit