QUESTION 19 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. O True False QUESTION 20 Origin Ventures and Amicus Capital supplied Series A funding to Grubhub in November of 2007. The amount supplied by the two VC firms was $1, 100,000. True FalseQUESTION 22 A venture capitalist may work backwards to value an early stage venture. She starts with the objective of earning 10x on the capital investment. It then becomes necessary to find out how the company will achieve a valuation at IPO consistent with returning 10x to the VC. The factors that must be taken into a account include the size of the market and the ability of the founders to control a significant part of this market while maintaining high gross margins. True O False QUESTION 23 According to Bob Zider in his article "How Venture Capital Works", investors and venture capital partners split the appreciation of the fund 50% each. True O False QUESTION 24 Base your answers on the 2018 Yale University Endowment Report https://static1.squarespace.com/static/55db7687e460dca22fba2438/t/5c8609008165f55d4bec1a36/1552615684090/2018+Yale+Endowment.pdf Venture capital investments give the endowment exposure to innovative start-up companies from an early stage. True False QUESTION 25QUESTION 25 Base your answer on the information on New York Ventures Direct Fund mpg/law. nyggov/venture-cam The New York Ventures Direct Fund is limited to investments in green energy projects True False QUESTION 26 VC rm X makes a $1 million dollar investment. Ten years later the rm liqudiates its investment for $80 million. The IR of the investment is over 61%. True False QUESTION 27 A founder should be able to explain to venture capitalists how her frim will earn and sustain high gross margins in a large market. True False