Substantial infusion of capital

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Your new small business has really grown, but now it needs a substantial infusion of capital. A venture capital firm has agreed to invest the money you need. In return, the venture capital firm will own 75 percent of the business, and you will be replaced as CEO by someone whom the venture capitalist chooses. You will retain the titles of founder and chairman of the board. Would you be willing to take the money but lose control over your business? Why or why not?

Reference no: EM13820409

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