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Which of the following statements is true of venture capital (VC) firms? O VC capital is typically the first form of financing relied upon by

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Which of the following statements is true of venture capital (VC) firms? O VC capital is typically the first form of financing relied upon by new companies O VCs always have a majority of directors in the startup company O VCs generally provide management advice and contacts in addition to capital O VCs generally provide start-up companies all the money they will need up-front O VCs help administer the issuance of a company's initial public offering (IPO)

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