CONFIDENTIAL 8: RESTRICTED Question 2 "Carousell Pte. Ltd. Carousell, a Singapore-based classifieds marketplace, announced in Sept'20 that it has raised a total of US$80 million in a funding round from a consortium led by South Korea's Naver Corporation, bringing the company's valuation at over US$900 million. Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities are the other investors in the consortium. Source : techinasia.com (2020) Venture capital is critical for startups and early stage-companies. lt funds companies as they scale up while also providing business expertise and industry connections.\" Launched in 2012, Carousell's platform offers products across categories, including cars, lifestyle, gadgets, and fashion accessories. It operates in eight markets across Southeast Asia, Taiwan and Hong Kong. a. Critically discuss TWO benefits and TWO threats associated with venture capital as a funding source. Citations required (8 marks) b. Identify another critical source of finance for startups and early stagecompanies, and critically discuss TWO benefits and TWO threats associated with this funding source Citations required '1. Angel investing '? (8 marks) 2. Seed investment c. As the business grows into maturity and establish itself, the company may seek public listing. Critically discuss an external source of longterm financing that is appropriate for a public listed company. '1. Debt or equity Debt source, instrument If debt, need to discuss bonds. Citations required I9 marks)