Which of the Following Statements Is NOT True

Which of the following statements is NOT true?

A) Venture capitalists bear a substantial amount of risk when they fund a new business.
B) Venture capitalists' sole function is to provide financing for new firms.
C) Modern venture capital firms tend to specialize in a specific line of business, such as hospitality, food manufacturing, or medical devices.
D) A significant number of venture capital firms focus on high-technology investments.