An option pool is used by founders to make payments to employees. The options grant the employees the right but not the obligation to buy shares of the companies shares at a set price before they expire. Using options conserves cash and ties the employee to the long-term success of the venture. True False QUESTION 34 LYFT will offer 30,770,00 hares of Class A common Stock to the public during its IPO. O True False QUESTION 35 Venture capitalists rely on preferred stock in a company to skew investment returns in their favor relative to the owners of the common stock, gain a disproportionate level of control of key decisions relative to the common shareholders and ensure that their interests are aligned with the founders True OFalse QUESTION 36 The primary source of income for a general partner in a VC fund is the management fee the fund charges the limited partners. True False