Will venture capital companies only invest in companies that are interested in listing?

Venture capital companies really only invest in companies with listing intentions and potential listing possibilities, because there are many companies with listing intentions, but few companies can go public; The main return of venture capital comes from the capital appreciation income after listing, and venture capital does not pay attention to profit dividends (industrial profits). Therefore, if a company with listing intention and listing potential does not have enough profits at present, it does not need to pay dividends at all. Usually, venture capital will agree with entrepreneurs not to pay dividends for several years; If the enterprise has no intention to go public or does not have the listing potential, and the conditions for obtaining venture capital are not enough, venture capital will have no return. If an enterprise that has obtained venture capital can no longer be listed after several years of operation (which is most venture capital projects), then venture capital will consider letting shareholders buy back shares, or transferring and selling the shares they own, or even asking the whole company to sell them (these are usually agreed in the investment agreement).