Which of the following statements is NOT true? Venture capitalists’ sole function is to provide financing for new firms. Modern venture capital firms tend to specialize in a specific line of business, such as hospitality, food manufacturing, or medical devices. Venture capitalists bear a substantial amount of risk when they fund a new business. A significant number of venture capital firms focus on high-technology investments.

Which of the following statements is NOT true? Venture capitalists’ sole function is to provide financing for new firms. Modern venture capital firms tend to specialize in a specific line of business, such as hospitality, food manufacturing, or medical devices. Venture capitalists bear a substantial amount of risk when they fund a new business. A significant number of venture capital firms focus on high-technology investments.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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