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Ture, False or Uncertain. Early stage VCs should earn a higher expected return than later stage VCs because early stage ventures have a higher

Ture, False or Uncertain. Early stage VCs should earn a higher expected return than later stage VCs because early stage ventures have a higher failure rate than the later stage ventures. Why?
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True: Early stage VC should earn a higher rate of return because the companies that they look to
finance are either in the first or second stage of product development. This is called seed funding...

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