Which of the Following Is False About Venture Capital Firms

Which of the following is false about venture capital firms?

A) Venture capital firms are organized as stock corporations with limited liability for all investors.
B) Venture capital firms provide seed capital, start-up capital, and later stage capital and temporary (bridge) financing.
C) VC firms invest in a portfolio of companies for investors willing to take the risk of investing in relatively new companies, with returns coming from harvesting companies in approximately 5 to 7 years by taking them public or selling them to a larger company or a manger buyout.
D) For VC firms, often some firms they invest in will fail, but a few star winners can compensate for losing firms, to generate a larger overall return for the portfolio of firms that are invested in.
E) All of the above are true.