Based on statistics reported in the text,which of the following statements is not true?
A) Firms that obtain venture-capital funding receive an average of over $1 million each.
B) Total investment in start-up firms averages about $80,000 in the first year of the activity of the firm.
C) Among the 100 fastest-growing new businesses identified by Entrepreneur magazine, 61 percent obtained start-up funding from personal savings.
D) Ninety percent of the companies financed with venture capital funds fail.

Question

Quizplus · Accepted Answer

Among firms included in the Entrepreneur Magazine list of the 100 fastest-growing new businesses in a recent year, 61 percent reported that their start-up funds came from personal savings. When firms receive venture-capital investments, they receive a substantial level of investment, over $1 million on average in the Kaufmann Foundation survey.

Based on Statistics Reported in the Text,which of the Following