Nature's Bounty, an organic seed company, is seeking to grow from a small company selling seeds in local markets into a company that sells seeds across several states. The funding for this expansion comes from a wealthy individual who uses his considerable inherited wealth to fund a variety of eco-friendly businesses. Which of the following best describes the individual's relationship with Nature's Bounty?

Question

Quizplus · Accepted Answer

An angel investor is typically a wealthy individual who provides capital for a business start-up, often in exchange for convertible debt or ownership equity. This description fits the scenario of the individual funding Nature's Bounty's expansion with his personal wealth to support eco-friendly businesses.

Nature's Bounty, an Organic Seed Company, Is Seeking to Grow