Which ONE of the following statements is true?
A) The venture capital industry as we know it today emerged in the late 1960s with the formation of the first venture capital limited partnerships.
B) Modern venture capital firms tend to specialize in a specific line of business, such as hospitality, food manufacturing, or medical devices.
C) A significant number of venture capital firms focus on high-technology investments.
D) All of the above are true statements.
Answer: D
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