28. Venture investors' returns depend on the venture's ability to generate cash flows or to find an acquirer for the venture. a. True b. False 29. For most early-stage ventures, there are no strong motives for having an equity component in employee compensatic a. True b. False 30. The internal rate of return is the simple (noncompounded) interest rate that equates the present value of the cash inflows received with the initial investment. a. True b. False