QUESTION 32 2.12765 points Term sheets are used to work out the natural financial and control tensions that exist between founders and venture capitalists. The specifics of a term sheet will vary from deal to deal. O True False QUESTION 35 The limited partners in a VC fund are responsible for selecting the fund's investments. O True ) False QUESTION 43 The money raised by a VC fund from limited partners must be invested in its entirety during the first year of the fund's existence. O True o False QUESTION 21 VC firm X makes a $1 million dollar investment. Five years later the firm liqudiates its investment for $2 million. The IRR of the investment is over 16%. O True False