Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

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