Why don't the investors in venture capital firms invest directly in the target companies rather than investing in a venture capital firm as an intermediary?

Why does corporate structure matter when the investment is for equity?

Why would specialized consultants be hired for the final stage of the due diligence process?

Why is the venture capitalist in charge of the drawing up of the term sheet and not the target company?

Why would a merger with another company also be considered an investment exit?

Would a venture capitalist want to have majority control of the board even without majority stock ownership?

What is a 'first round' investment?

How much in funding, in general, will an investor want to invest?

What options does a venture capitalist have when holding convertible debt?

What is meant by 'exit strategy'?

What protection do investors in a venture capital fund have?