ags View Help Acrobat Review - 21 AaBbcd AaBbccI AaBbccI AaBb AaBbcc Heading 3 1 Normal 1 No Spac... Heading 1 Heading 2 Paragraph Styles a) Explain why venture capitalists tend to specialize their investing in only a few select industries. (Limit your response to no more than 50 words.) (worth five points) b) Explain why venture capitalists tend to specialize their investing in certain stages of the life cycle of new ventures. (Limit your response to no more than 50 words.) [worth five points) 116 2020 - Word Search Review View Help Acrobat AaBbCd AaBbcc AaBbce AaBbC AaBbcc Heading 3 1 Normal 1 No Spac... Heading 1 Heading 2 Paragraph : 56 c) Explain why venture capital funds tend to establish compensation contracts that follow the 2% of capital under management and 20% of investment profit rule. (Limit your response to no more than 50 words.) (worth five points] d) Explain why venture capital firms tend to organize as LLCs as opposed to public corporations. (Limit your response to no more than 100 words.) (worth ten points)