Arrange the following in the chronological order for a startup firm: I) Friends and Family / Bank Loans; II) Mezzanine financing; III) Stage 1, 2, 3, 4 etc. financing; and IV) IPO

Group of answer choices:

I, II, III, and IV

I, III, II, and IV

IV, I, II, and III

III, I, II, and IV