The primary source of financing during the early years of e-commerce was _______.

The primary source of financing during the early years of e-commerce was venture capital funds. Venture Capital is money invested in businesses that are small; or exist only as an initiative, but have huge potential to grow. The people who invest this money are called venture capitalists (VCs). The venture capital investment is made when a venture capitalist buys shares of such a company and becomes a financial partner in the business.