Which of the Following Is Not True with Respect to Venture

Which of the following is not true with respect to venture capital funds?

A) They typically invest in young, growing firms that need equity funding but are not ready or willing to go public.
B) More than half of all VC investing is in businesses that are being created.
C) Venture capital funds tend to focus on technology firms, which have the potential for high returns but also exhibit a high level of risk.
D) Because VC funds invest in fairly safe ventures, a low percentage of their ventures fail.
E) All of the above are correct with respect to venture capital funds.