Small firms tend to raise funds from private investors and venture capitalists. As these firms grow larger,
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Question:
Small firms tend to raise funds from private investors and venture capitalists. As these firms grow larger, they focus more on raising capital from the organized capital markets. Explain why this occurs.
Expert Answer:
As a small firm grows and becomes larger it may transition from relying on private investors and venture capitalists for funding to focusing more on raising capital from the organized capital markets ... View the full answer
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