Which of the Following Statements Regarding Exit Strategies Is FALSE

Which of the following statements regarding exit strategies is FALSE?

A) An alternative way to provide liquidity to its investors is for the company to become a publicly traded company.
B) An important consideration for investors in private companies is their exit strategy, or how they will eventually realize the return from their investment.
C) Often large corporations purchase successful start-up companies. In such a case, the acquiring company purchases the outstanding stock of the private company, allowing all investors to cash out.
D) Roughly 25% of venture capital exits from 2001-2005 occurred through mergers or acquisitions.