Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) A venture capital firm is a limited partnership that specializes in raising money to invest in the private equity of young firms.
B) Venture capitalists typically control about three-quarters of the seats on a startup's board of directors, and often represent the single largest voting block on the board.
C) The initial capital that is required to start a business is usually provided by the entrepreneur and her immediate family.
D) Individual investors who buy equity in small private firms are called angel investors.