Venture capital refers to investments provided to early-stage companies, often focused on technology. There are three main types of venture capital investors: angel investors, financial VCs, and strategic VCs. Companies seeking funding make pitches to multiple VCs who then perform due diligence before negotiating terms of investment such as company valuation, board seats, and liquidation preferences. The venture capital process involves multiple rounds of funding as companies grow and are valued at higher amounts with each new round.