题目
The first stage of financing at which a venture capital fund most likely invests is the:
选项
A.seed stage.
B.mezzanine stage.
C.angel investing stage.
答案
A
解析
A is correct. The seed stage supports market research and product development and is generally the first stage at which venture capital funds invest. The seed stage follows the angel investing stage. In the angel investing stage, funds are typically provided by individuals (often friends or family), rather than a venture capital fund, to assess an idea’s potential and to transform the idea into a plan. Mezzanine-stage financing is provided by venture capital funds to prepare the portfolio company for its IPO. ： A是正确的。种子期支持市场研究和产品开发，通常是风险投资基金投资的第一阶段。种子阶段在天使投资阶段之后。在天使投资阶段，基金通常由个人（通常是朋友或家人）提供，而不是风险投资基金，以评估一个想法的潜力，并将想法转化为一个计划。夹层融资是由风险投资基金提供的，为投资组合公司的IPO做准备。