1. What would be the benefits of raising the $3 million through a private placement? What would be..

1. What would be the benefits of raising the $3 million through a private placement? What would be the benefits of raising the money through a venture capitalist? 2. Of the two above approaches, which would be best for Charles? Why? 3. What would you recommend that Charles do now? Briefly outline a plan of action that he can use in getting the financing process started.