21. Internet investment banks are more suited for a A. Internet-related offerings, or those with a strong consumer orientation. B. micro-cap offerings, which are under-served by traditional investment banks. C. companies depending on large instead of retail investors. D. All of the above are true. E. Only A and B are true. I 22. Which of the following statements is not true? (This question is on the venture capital article discussed in class). C. A. VCs screening process takes several years. B. VCs' contracts are designed to provide proper incentives to the entrepreneurs as well as help VCs protect their interests. VCs add value to an investment by providing monitoring and other assistance to the entrepreneur. D From 1999 to 2009, a significant percent of IPOs had VC funding. 23. An investment bank is taking a private firm public. The bank finds that recently five firms from the same industry went public at an average offer price per share to EBITDA per share ratio of 5.5. If the private firm's EBITDA is $1.2 per share for the most recent year, then an offer price estimate would be A. B. $5.5 $6.0