Which of the following statements is false?

hint answer is not C

Question 29 options:

	Institutional investors such as pension funds, insurance companies, endowments, and foundations manage SMALL quantities of money.
	The general partners work for the venture capital firm and run the venture capital firm; they are called venture capitalists.
	When a company founder decides to sell equity to outside investors for the first time, it is common practice for private companies to issue PREFERRED stock rather than COMMON stock to raise capital.
	An important consideration for investors in private companies is their exit strategy how they will eventually realize the return from their investment.