MyWebCast is a new company that makes it easy for individuals to create streaming videos on the Internet to share with friends and family for a small fee.MyWebCast wants to expand their offerings of video streaming services but needs cash to be able to do this.The Second National Bank of Oklahoma City,through a subsidiary,gives them the cash they need for an ownership share in the company.Which of the more recent services that banks offer is MyWebCast taking advantage of?
A)Getting a consumer loan
B)Getting financial advice
C)Managing cash
D)Getting venture capital services
E)Buying a retirement plan

Question

Quizplus · Accepted Answer

MyWebCast is seeking venture capital services, which involve obtaining investment funds from outside investors (in this case, a subsidiary of a bank) in exchange for an ownership stake in the company. This allows the company to expand its services without taking on debt or sacrificing control.

MyWebCast Is a New Company That Makes It Easy for Individuals