This feature separates Venture capitalists from their angel investor counterparts: Venture capitalists use their own money in investments unlike angel investors who get the money from their friends. Venture capitalists are not financial intermediaries like Angel investors. Venture capitalists usually take very high risks unlike Angel investors who prefer very low risk investments None of the above Question 18 ( 3 points) The Professional Venture Investing cycle includes all of the following, EXCEPT: arrange harvest or liquidation solicit investments in the new fund talk pessimistically about the prospect of the project getting a positive NPV conduct due diligence and actively invest