Discuss the five main stages in the process of venture capital financing. 

Venture capital financing is a type of funding which assembles cash from investors and lends it to startup businesses that have high potential for success. Venture capital investments usually encompass very high risk; however, the reward has the potential to exceed the risk. The process for acquiring venture capital financing sometimes is complicated, but generally there are five stages in the process of procuring venture capital financing.

Respond to the following in a minimum of 400 words:

• Discuss the five main stages in the process of venture capital financing.