Download or read book Effectiveness of South African Public Sector Venture Capital Investment Terms in Managing Risks and Supporting Entrepreneurs written by Muhammed Fazlur-Rahman Sayed and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The venture capital (VC) contract prescribing various deal terms and conditions is considered vitally important to the VC investment process and should provide incentives for the entrepreneur whilst managing the venture capitalists (VCs) financial risk. This aspect of venture capital has not been extensively studied in South Africa especially amongst public sector funding agencies which have become an important source for early-stage VC funding. The objective of this study was to determine whether public sector VC investment terms in South Africa have been effective in supporting entrepreneurs and managing risk. The effectiveness of government's VC intervention was gauged through assessing various perceptions of entrepreneurs and public sector VCs on typical deal terms and conditions put in place between them. The perception study focused on 14 terms or provisions in relation to its frequency of use, importance to stakeholders, effectiveness in managing risk, rationale for inclusion and acceptance by entrepreneurs. The research found that VCs and entrepreneurs alike generally agree on the typical terms that should be included in the VC contract. Most of the terms which entrepreneurs considered to be important for the enterprise were also frequently used in VC contracts suggesting that the terms were generally effective in supporting entrepreneurs. Nevertheless, the research points towards a greater need for VCs to use incentivising terms such as the clawback provision in their contracts since the terms most frequently used were perceived to be effective in managing investment risk. Copyright.
Download or read book The Venture Capital Industry in South Africa and the Potential for Participation by Black Entrepreneurs written by F. H. Ferreira and published by . This book was released on 1989 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Venture capital as a form of development acceleration and increase of market share and company s profitability in Ghana written by Gladstone Stanley and published by GRIN Verlag. This book was released on 2019-07-09 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2018 in the subject Economics - Finance, grade: 4.00, , language: English, abstract: This study focuses on 2006-2016 and aims at assessing the contribution of the venture capital trust fund on the operation of the beneficiary SMEs in the area of financial management, corporate governance, profitability and market shares. Using purposive sampling method, all the 27 SMEs benefiting from the Venture Capital Trust Fund were interviewed to appreciate the issues surrounding the use of venture capital for effective recommendation. The agro processing, real estate, health care and hospitality sector administered 11,11% each of the questionnaires, the education sector administered the highest questionnaires representing 22,22%,pharmaceutical manufacturing, manufacturing and financial sector administered 7,41%, Beverage Manufacturing and Industrial Consumables & Services administered 3,70% each. SMEs are the bane of every country especially Ghana. They are major contributor to employment, wealth creation, poverty reduction, taxation, Gross Domestic Product, foreign exchange earnings and development and innovation of new business ideas. However, SMEs are saddled with financial constraints, poor corporate governance and financial management, limited market share and encounter losses in business operation. The SMEs also lacks collateral securities to acquire loan from financial institutions to employ the needed human resource and equipment for startup capital and growth. Those that had the collateral securities and acquire the loans are faced with high interest rate which increased their cost of business hence low return for expansion.
Download or read book The Venture Capital Gap written by Jonathan Adongo and published by . This book was released on 2005 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Venture Capital in Africa written by Jonathan Adongo and published by . This book was released on 2011 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The impact of forms of capital on Corporate Entrepreneurship in State Owned Enterprises written by Phelelani Mpanza and published by Club Readership. This book was released on 2018-06-13 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explores how three forms of entrepreneurial capital (Economic capital, Human capital and Social Capital) can be adopted by SA SOEs as a growth strategy to become more innovative to compete effectively in dynamic and rapidly changing markets. SOEs play a critical role in the economic pursuit of advancing economic growth and developmental objectives of the country. The book give theoretical and empirical evidence on the on the role each form of capital play in the pursuit for growing an established business. The book is ideal for any postgraduate students in commerce, policy makers and business person.
Download or read book Venture Capital Investment Criteria written by Jane Mwebi and published by LAP Lambert Academic Publishing. This book was released on 2014-12-19 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Venture capital is one of the most suitable sources of capital for business growth and expansion but most small and medium enterprises (SMEs) in emerging economies fail to meet the criteria required to access this source of capital. This is because venture capitalists evaluate SMEs in emerging economies using conventional investment criteria that do not take into consideration the institutional limitations of developing countries in general, and SMEs in particular. Thus, venture capitalists find SMEs to be ill-prepared for investment and view them as risky and costly. This book analyses the conventional venture capital investment criteria and highlights their limitations in a developing country context, identifies SME equity success factors, and develops hypotheses, which are empirically tested among venture capital investors and SMEs in South Africa. It provides an alternative set of venture capital investment criteria and a deeper understanding of SME equity financing. This book has important policy implications for private equity and venture capital investors, financial institutions, entrepreneurs, and anyone with a policy or research interest in advancing entreneurship.
Download or read book Facilitating High Growth Enterprises Through Seed Stage Investing in South Africa written by Mmathebe Zvobwo and published by . This book was released on 2018-08-30 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thesis (M.A.) from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: A, University of the Witwatersrand (Wits Business School), course: Master of Management in Entrepreneurship and New Venture Creation, language: English, abstract: This research finds its theoretical roots in the theory of the firm growth and is focused on high growth entrepreneurship. Entrepreneurial Orientation and Venture Capital funding also become central to the research particularly with regards to the identification of High Growth Enterprises and understanding their employment creation in the South African context. The motivation of the research was sparked by emerging research in High Growth Enterprises specifically with regards to how they are able to provide a solution to unemployment. The research aims to understand High Growth Enterprises in terms of identification and employment growth and to determine if bridging the Seed Stage gap in South Africa will facilitate the growth of High Growth Enterprises. The research employed a quantitative cross-sectional design with the founders of Small, Medium and Micro Enterprises as the unit of analysis. The main findings of the research are that High Growth Enterprises (HGEs) in South Africa create a significant amount of jobs than those that are not (non-HGEs). Entrepreneurial Orientation significantly determines whether enterprises will become HGEs or not and significantly drives the employment growth of HGEs. Most HGEs in South Africa have funded themselves and use equity instruments at Seed Stage showing that there is a need to bridge the equity Seed Capital gap in South Africa. Venture Capitalists through their Selection Criteria are able to add more credibility to HGEs resulting in increased access to resources and employment creation. The Selection Criteria of Venture Capitalists alone cannot predict which enterprises will be HGEs Value-adding Activities of Venture Capital firms have not be
Download or read book Mastering the Risky Business of Public Private Partnerships in Infrastructure written by Manal Fouad and published by International Monetary Fund. This book was released on 2021-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Download or read book Entrepreneurship in South Africa written by Amanda Alexander (M.B.A.) and published by . This book was released on 2011 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a rapidly developing country, South Africa has relatively very low levels of entrepreneurship. This thesis will investigate the reasons for the anemic number of new ventures and, most specifically, tries to address one of the biggest obstacles South African entrepreneurs face: limited access to capital. I have collected data from 47 South African entrepreneurs through questionnaires to survey their level of access to capital, their awareness of the resources that are available to them and to identify which organizations are the most helpful to them in terms of providing educational and financial support. Furthermore, I solicited their opinions on the future of entrepreneurship in their country and tested it against both conventional wisdom and academic hypotheses. I have compared what literature says is happening with what seems to be actually occurring. The findings are that, like many other developed and developing nations, South Africa struggles to provide entrepreneurs with clear paths to capital. Entrepreneurs are also unsure of how to approach venture capitalists and other organizations for funding so education remains a key component to increasing the level of entrepreneurship. There are encouraging signs such as the increase in local organizations aimed at the rural population and women which, studies have shown, are key demographics to eradicate poverty through building new businesses. Several recommendations are outlined, mainly the enhancement of the role of government in fostering the growth of entrepreneurship through programs that are efficient and that attract international investors.
Download or read book Engaging African Entrepreneurs for Global Competitiveness written by and published by . This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book African Economic Outlook 2017 Entrepreneurship and Industrialisation written by African Development Bank and published by OECD Publishing. This book was released on 2017-05-22 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: The African Economic Outlook 2017 presents the continent’s current state of affairs and forecasts its situation for the coming two years.
Download or read book Private Finance for Development written by Hilary Devine and published by International Monetary Fund. This book was released on 2021-05-14 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
Download or read book Pre Seed Government Venture Capital Funds written by Sofia Johan and published by . This book was released on 2013 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses a Pre-Seed Fund (quot;PSFquot;) government venture capital (quot;VCquot;) program for the purpose of improving our understanding about effective public policy towards entrepreneurial finance. The PSF program is a public-private partnership started in 2002 for the purpose of fostering more investment in nascent high-tech entrepreneurial companies in Australia. Data from Venture Economics indicate PSFs are the primary provider of seed stage VC in Australia, but PSFs are not more likely to invest in high-tech companies than other types of VC funds. PSFs have smaller portfolios (number of investees) per manager than other types of VC funds, and are more likely to invest in companies resident in the same state, but do not stage and syndicate more frequently than other types of VC funds. Overall, therefore, the structure of the program has given rise to mixed performance in terms of finance and governance provided to nascent high-tech entrepreneurial companies. As well, there is also suggestive evidence that the PSF program diminishes the incentives for Innovation Investment Funds (a previously existing Australian government VC fund program) to invest in seed stage ventures, and hence competing government initiatives appear to be crowding out one another. Further evidence suggests that among the four PSFs in existence, one PSF has outperformed the other PSFs in regards to the investee company patents and financial statement performance, even though this fund has invested less money and charged lower management fees than its counterparts. Hence, a further lesson from the PSF program is that the impact of government sponsored VC funds depends not only on the design of the program but also on the selection of the VC managers carrying out the investments.
Download or read book The Optimal Resolution of Investment Readiness in Venture Capital and Entrepreneurship Markets in South Africa written by Danai Rudo Zana and published by . This book was released on 2019 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financing High Growth Firms The Role of Angel Investors written by OECD and published by OECD Publishing. This book was released on 2011-12-20 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report covers seed stage financing for high growth companies in OECD and non-OECD countries with a primary focus on angel investment.
Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1953-05 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
