a. Venture capital companies know that managers are more likely to work hard if they can be

Question:

a. Venture capital companies know that managers are more likely to work hard if they can be assured of a good steady salary.
b. Venture capital companies generally advance the money in stages.
c. Venture capital companies are generally passive investors and are happy to let the companies in which they are invested get on with the job.
d. Some young companies grow with the aid of equity investment provided by wealthy individuals known as angel investors.
True or false?