The key idea behind staged funding is that each funding stage gives the venture capitalist an opportunity to reassess the management team and the firm's financial performance.

Question

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Staged funding allows venture capitalists to invest in a startup in multiple rounds, with each round assessing the progress and potential of the company. This gives them the opportunity to reassess the management team and the firm's financial performance and make decisions accordingly.

The Key Idea Behind Staged Funding Is That Each Funding