The VC industry did not become a major force in financing ventures unt

The VC industry did not become a major force in financing ventures until which TWO problems were solved?

a. informational asymmetry and principal-agent problems
b. legislation allowed institutional investors to provide significant capital backing, and an effective legal-liability arrangement for contributing parties was devised
c. contracting problems with the venture and compensation for executives
d. financing problems (i.e., debt vs. equity) and the underinvestment problem

ANSWER

B