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The first category of start-up businesses are those formed as high-growth, often high-tech, ventures and are referred to as ______.

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ayokenny2001

The first category of start-up businesses are those formed as high-growth, often high-tech, ventures and are referred to as venture capital-backed firms.

What is venture capital?

Venture capital can be defined as a business financing strategy meant for startups which require high capital but also have high risk in return.

It is to be noted that a venture capital firms use their control of the companies they invest in to protect those investments.  

Learn more about venture capital here : https://brainly.com/question/15381642

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