Which of the following is not a feature of venture capital?

The venture capital is a permanent capital

Venture capital is a temporary investment, and venture capitalists typically expect to exit their investments within a few years.

Venture capital finance has the following features:

1) It is basically equity finance in relatively new companies.

2) It is long-term investment in growth-oriented small or medium firms.

3) Venture capitalist not only provide capital but also business skills to investee firms.

4) It involves high risk-return spectrum.

5) It is a subset of private equity.

6) The venture capital institutions have a continuous involvement in the business after making the investment.

7) Such institutions disinvest the holdings either to the promoters or in the market.