According to Bob Zider in his article \"How Venture Capital Works", most venture capital funding is used for basic research. True False QUESTION 3 A wellmanaged venture that uses the capital at each stage efciently and is reaching each stepping stone should see the cost of its capital decline for each new series. True False QUESTION 4 VC rm X makes a $1 million dollar investment. Five years later the rm liqudiates its investment for $2 million. The IR of the investment is over 16%. True False QUESTION 5 Helbiz became a public company in 2021. True False