All of the following statements are correct except:
A) Venture capitalists usually are members of partnerships that consist of a few general partners.
B) The typical venture capital partnership manages between $500 million and $1billion in assets.
C) It is common to organize a venture capital fund as a limited partnership in which the venture capitalist is the general partner and the other investors are limited investors.
D) At the end of a fund's life, cash and securities are distributed to the investors.

Question

Quizplus · Accepted Answer

The statement "The typical venture capital partnership manages between $500 million and $1billion in assets" is not entirely correct. Venture capital partnerships can vary in size and assets under management, with some managing less than $100 million and others over $1 billion.

All of the Following Statements Are Correct Except