Trevon is opening a cookie bakery in his small town. He is saving the funds that he needs to open his business and is considering crowdsourcing the last $10,000. He has already saved $60,000 to buy the needed equipment and get through a few slow months. A friend suggests that he find a venture capitalist. Is this a good suggestion?
Yes, finding a venture capitalist could be a good suggestion for Trevon's cookie bakery. Venture capitalists are investors who provide funding to businesses in exchange for equity or a share of profits. They often have experience and expertise in the industry and can provide valuable guidance and support. If Trevon believes that his cookie bakery has significant growth potential and he is open to giving up a portion of ownership or control, seeking a venture capitalist could be a viable option to secure the remaining funds needed to start his business.
