Which of the following statements is NOT true regarding venture capitalists?
◦ They use their control to protect their investments, so they may therefore perform a key nurturing and monitoring role for the firm.
◦ They might invest for strategic objectives in addition to the desire for investment returns.
◦ They can provide substantial capital for young companies.
◦ The firms offer limited partners a number of advantages over investing directly in start-ups themselves as angel investors.