TRUE OR FALSE
1. The J curve is illustrates the expected, estimated or simulated cash flow profile of a venture over its life.
2. According to Bob Zider in his article “How Venture Capital Works”, banks and venture capital firms are in direct competition.
3. VC firm X makes a $1 million dollar investment. Ten years later the firm liqudiates its investment for $80 million. The IRR of the investment is over 61%.