Which sequence best reflects the comprehensive process undertaken by venture capital firms, from initial proposal to strategic exit?
Submission of a business plan, minimal due diligence, immediate full capital injection, and rapid public listing with no follow-up involvement.
Presentation of a business plan, extensive due diligence, phased funding tied to performance milestones, followed by active monitoring and a strategic exit (merger, acquisition, or IPO).
Immediate acquisition of controlling equity based solely on an impressive pitch, with due diligence postponed until post-investment.
Issuance of convertible bonds without equity exchange, combined with a passive investment approach until natural profitability is achieved.