The VC Industry Did Not Become a Major Force in Financing

The VC industry did not become a major force in financing ventures until which TWO problems were solved?

A) informational asymmetry and principal-agent problems
B) legislation allowed institutional investors to provide significant capital backing, and an effective legal-liability arrangement for contributing parties was devised
C) contracting problems with the venture and compensation for executives
D) financing problems (i.e., debt vs.equity) and the underinvestment problem