Jose has successfully started a business of repairing cars.However,without immediate income to sustain the business,he may have to close his shop.His friend,Adam,invests in the company and gives the company a much-required boost.In this situation,Adam is a(n)________.
A)bank financier
B)venture capitalist
C)angel investor
D)crowd funder
E)private equity investor

Question

Quizplus · Accepted Answer

Adam is acting as an angel investor by providing capital to a startup (Jose's car repair business) at an early stage to help it grow, typically in exchange for ownership equity or convertible debt.

Jose Has Successfully Started a Business of Repairing Cars