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It is a bad idea for founders to sell equity to venture capital funds if the general partment of the fund wants a seat on the company's board of directors. This would shift too much power to the general partner. True False QUESTION 11 Information in the IPO prospectus filed by LYFY indicates that General Motors LLC, funds sponsored by Andressen Horowitz and funds sponsored by Alphabet inc owned shares of iYfT's elass common stock before and after the IPO, The holdings of these investors were diluted by the IPO. True False