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1. Which one of the below is true for venture capital? a. Venture capitalists only invest in public companies. b. Venture capital firms are intermediaries

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1. Which one of the below is true for venture capital? a. Venture capitalists only invest in public companies. b. Venture capital firms are intermediaries between investors and firms. c. Best exit strategy after a venture capital investment is liquidation. d. Venture capitalists have a lower cost of capital than angels

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