I know this is terribly fundamental, but I'm not sure how venture capital works.
I was reading about a company called Insitu which has just received $25 million from Battery Ventures. There are also two other investors.
Insitu Closes $25 Million Series D from Battery Ventures
My questions are: Is this essentially a loan to be paid back? What is "series D"? Would this now be considered a partnership with Battery Ventures?
Do small companies search for funds from venture capitalists?.....or is it the VC's that search out small companies?
Thanks for helping me learn.