Final answer:
A venture capitalist buys securities with its own capital. VCs do not guarantee a price for new shares. Investing, monitoring, and exiting are key activities of both PE and VC firms.
Step-by-step explanation:
A venture capitalist (VC) buys securities with its own capital, which is the first statement in the question. This means that a VC invests its own money into a company in exchange for ownership shares or equity.
The second statement in the question, a VC guaranteeing a price to the firm issuing new shares, is not correct. VCs do not guarantee a specific price for new shares. Instead, they negotiate the terms and pricing of their investment based on the potential value and growth prospects of the company.
Lastly, the third statement in the question is incomplete. Investing, monitoring, and exiting are key activities of both private equity (PE) and venture capital (VC) firms. These activities involve selecting and investing in potential companies, actively monitoring and supporting the growth of the invested companies, and eventually exiting or selling their ownership stake in the company for a profit.