Q$1.$ Why is it so difficult to determine conclusively the impact of venture capital on innovation? $(2$ Marks$)$

Q$2.$ Describe the typical organization of a private equity firm. What are the main motivating factors that result in this type of organization? $(3$Marks$)$

Q$3.$ Describe the role of culture in the management of private equity firms. $(2$ Marks$)$

Q$4.$ What are some common characteristics of successfully run private equity firms? Which do you view as the most important? $(3$ Marks