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10) Which of the following is FALSE about venture capital firms? A) General partners describe VC managers who make investment decisions. B) Limited partners describe

10) Which of the following is FALSE about venture capital firms? A) General partners describe VC managers who make investment decisions. B) Limited partners describe VC investors who provide capital. C) VC firms fee structure are commonly described as 5/20. D) VC investment requires long-term commitment from limited partners as it takes a long time for a young firm to payoff.

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