According to Bob Zider in his article How Venture Capital Works, most ventures are funded by multiple venture capital firms not a single firm. The benefit of this is that if the investment fails the General Partners can simply say they were following the crowd.

True or False

According to Bob Zider in his article How Venture Capital Works, venture capitalists take a very long view of the investments they make. Venture capitalists only plan to liquidate their investments in cases when the ventures are facing losses.

True or False?