In a three to four page paper, describe how the private equity market place has changed in the past 10 years. Include the following in your answer. What were the reasons for the growth and decline from year to year?What kind of changes , if any, have there been in the kinds of founding firms VC invest in? Give your explanation for the differences in the newer VC funds vs the older funds in terms of:the kinds of new ventures they seek out;who are the newer players; andis the U.S. still the world leader? Mention why large successful businesses like Intel, Amazon, Apple, and Microsoft would invest in VC funds.Lastly, discuss why there seems to be a trend in new ventures holding off longer in seeking VC funding rather than trying to get funding sooner.