QUESTION 1

1. VC firm X makes a $1 million dollar investment. Ten years later the firm liqudiates its investment for $2 million. The IRR of the investment is over 12%.

   True

   False

1.85185 points

QUESTION 2

1. Timothy J. Sturgeon implies that a conscience effort by city planners to replicate the Silicon Valley technology culture in the short run may be wasteful. He argues that Silicon Valley evolved over a long period to become the venture capital high technology innovation hub that it is today.

   True

   False