QUESTION $3(25$ MARKS$)$

$($a$)$ Jess and Bill have lots of brilliant ideas on creating a new business but are lack of funds. You as a friend has found out that Malaysia has numerous venture capitalist that could assist their idea. Explain to your friends about venture capital and how they could assist in providing funds.

$(10$ marks$)$

$($b$)$ Discuss the financial needs of a firm in different stages. Depicts their needs using the life cycle of a firm.

$(15$ marks$)$