Your new small business has grown, but it now needs a large amount of capital. A venture

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Your new small business has grown, but it now needs a large amount of capital. A venture capital firm has agreed to provide the money you need. In return, the venture capital firm will own 75 percent of the business, and you will be replaced as CEO by someone chosen by the venture capitalist. You will be considered the founder of the company and the chairperson of the board. Are you willing to take the money in return for losing control over your business? Why or why not?

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Contemporary Business

ISBN: 9781119905769

4th Canadian Edition

Authors: Louis E. Boone, David L. Kurtz, Michael H. Khan, Brahm Canzer, Rosalie Harms, Peter Moreira

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