14. The venture capitalist return on their investment is most likely realized during the:

a. Seed stage

b. Emerging stage

c. Expansion stage

d. Bridge stage

15. A private equity has a wealthy individual shareholder who has just declared personal bankruptcy. The likelihood the investor will be limited in his ability to make additional contributions to the firm is known as:

a. Funding Risk

b. Liquidity Risk

c. Market Risk

d. Exit Risk