Which one of the following statements concerning venture capital is correct?

	a.	It is relatively easy to raise venture capital.
	b.	The financial condition of venture capitalists is unimportant as they provide all of their funding upfront.
	c.	Venture capitalists tend to be generalists who become involved with diverse industries.
	d.	Venture capitalists like to get in on the ground floor and then maintain long-term control over a firm.
	e.	When selecting venture capitalists it is important to understand their exit strategy.