### Question
How is the term venture capital operating company defined?


### Answer
The term **venture capital operating company** is defined in *15 U.S.C. § 632* as the following:

> an entity described in clause (i), (v), or (vi) of section 121.103(b)(5) of title 13, Code of Federal Regulations (or any successor thereto)

#### Citation:
  - *15 U.S.C. § 632*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

