Venture capitalists often require
Which one of the following statements is NOT true?
A. Venture capitalists often require
an entrepreneur to make a substantial personal investment in the business.
B. Venture capitalists do not require an entrepreneur to make a personal investment in the business.
C. Venture capitalist’s in-depth knowledge of the industry and technology reduces risk.
D. The key idea behind staged funding is that each funding stage gives the venture capitalist an opportunity to reassess the management team and the company’s financial performance