Which of the following statements is NOT true? The process by which many entrepreneurs raise seed money and obtain other resources necessary to start their businesses is often called bootstrapping. Most businesses arc started by an entrepreneur who has a vision for a new business or product and a passionate belief in the concept's viability. The initial "seed" money usually comes from the entrepreneur or other founders. Which of the following statements is true? The venture capital industry as we know it today emerged in the late 1960s with the formation of the first venture capital limited partnerships. Modern venture capital firms tend to specialize in a specific line of business, such as hospitality, food manufacturing, or medical devices. A significant number of venture capital firms focus on high-technology investments. All of the above statements are true. Which of the following statements is NOT true? Venture capitalists bear a substantial amount of risk when they fund a new business. Venture capitalists' sole function is to provide financing for new firms. Modern venture capital firms tend to specialize in a specific line of business, such as hospitality, food manufacturing, or medical devices. A significant number of venture capital firms focus on high-technology investments