Which of the following statements is FALSE?a$.$Individual investors who buy equity in small private

firms are called angel investors.b$.$A venture capital firm is a limited partnership that

specializes in raising money to invest in the private equity of

young firms.c$.$Venture capitalists typically control about

three$-$quarters of the seats on a start$-$up's board of directors, and

often represent the single largest voting block on the board.d$.$The initial capital that is required to start a business

is usually provided by the entrepreneur herself and her immediate

family.