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The Cofounders for Contap Received $275,000 from Venture Capitalists

Question 20

Multiple Choice

The cofounders for Contap received $275,000 from venture capitalists.What did the investors receive in return?


A) 5% royalties from future sales
B) 15% equity in the business
C) 50% equity in the business
D) 10% royalties from future sales

Correct Answer:

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