Which of the Following Is NOT True with Respect to Venture

Multiple Choice

Which of the following is NOT true with respect to venture capital (VC) funds?

A) When a VC fund decides to invest in a business, it will set out clear requirements that the business must meet to receive the funding.
B) A VC fund commonly sells its equity stake in a firm to the public before the firm engages in an IPO.
C) VC funds receive money from wealthy investors and pension funds that are willing to maintain the investment for a long-term period.
D) All of these are true with respect to VC funds.