Identify a Defining Characteristic of Venture Capital Start-Ups

Identify a defining characteristic of venture capital start-ups.

A) They are inherently safe operations whose growth is dependent on the exploitation of knowns in the market.
B) They tend to develop operations in multiple locations very shortly after the initial investment.
C) They generally have a developing organizational structure that is subject to frequent change.
D) They are usually self-funded or closely funded.