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4. Fred Jones exhausted all resources from family and friends, and was able to secure $5,000,000 from VultureVC. Fred's CryptoCur, a private company, takes off
4. Fred Jones exhausted all resources from family and friends, and was able to secure $5,000,000 from VultureVC. Fred's CryptoCur, a private company, takes off creating a new exchange for crypto currencies. Sales reach $50 million in the first year, but cash flow is still negative and cash balances are very low. VultureVC and employees with stock are pressuring Fred to provide liquidity for their stock. What is a likely strategy for Fred?
A. Raise additional VC money
B. Borrow from a Commercial Bank
C. Hire a lawyer
D. IPO
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