Question

Farah is an engineer with an idea for a flexible solar energy material that would have a wide range of military and civilian applications. She estimates that she will need approximately $300,000 to develop a prototype. Friends and family could provide about $75,000. She contacts Natalie, an angel investor, for this purpose. In this case, which of the following is likely to be true?a. Farah is unlikely to expect more than just financial support from Natalie.b. Farah is likely to receive a report from Natalie that is more thorough than those by formal venture capitalists.c. Natalie is likely to be a wealthy individual with expertise in the field.d. Natalie is unlikely to be a private investor.

Answer 1

Answer: Natalie is likely to be a wealthy individual with expertise in the field (C)

Step-by-step explanation:

Based on the information gotten from the question, Farah is an engineer who has an idea for a flexible solar energy material which would have a wide range of civilian and military applications and she needs about $300,000 but has only gotten$75,000.

Farah then gets in touch with Natalie who is an angel investor. An angel investor is a person who gives capital for a business start-up, in exchange for ownership equity or convertible debt.

As an angel investor, to analyze good prospects of the investments, they usually have some expertise in the business field where they want to invest.