What does venture capital mean

Explanation

Option a is incorrect: Venture capital is not short-term funding. Short-term capital usually refers to working capital loans. Option b is correct: Venture capital refers to long-term financing provided to new entrepreneurs/start-ups, usually in high-risk and high-potential businesses. It is equity financing, not debt, and investors (venture capitalists) often take ownership stakes in the company. Option c is incorrect: Funding for industries incurring losses is generally called bailout packages, restructuring aid, or revival funds, not venture capital. Option d is incorrect: Funds for replacement/renovation are termed modernization or replacement capital, not venture capital.