An entrepreneur is looking for funds to form a prototype and pitch the product.Which of the following should NOT be considered at this stage?

Question

Quizplus · Accepted Answer

Venture capitalists are typically not a suitable option at the early stages of a business when only a prototype is being formed. Venture capitalists usually invest large sums of money in established businesses with a track record of success and a proven business model. Crowdfunding, personal loans, and seeking funds from family and friends are more appropriate options for funding at this stage.

An Entrepreneur Is Looking for Funds to Form a Prototype