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George Jones received $50,000 from his father to start LordCo Inc. Fred's Dad has no more money and filed bankruptcy. LordCo is a private company
George Jones received $50,000 from his father to start LordCo Inc. Fred's Dad has no more money and filed bankruptcy. LordCo is a private company that has been in business for 1 year and has no sales. LordCo needs $5,000,000 of additional capital to realize Fred's dream of creating the best App in the world. What is the likely source for Georges's capital?
A. Commercial Bank
B. Venture Capital Firm
C. Investment Bank
D. IPO E. George's Dad
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