Download or read book Value Added by Venture Capital Firms written by Jens Ortgiese and published by Josef Eul Verlag GmbH. This book was released on 2007 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Venture Capital Works written by Phillip Ryan and published by The Rosen Publishing Group, Inc. This book was released on 2012-07-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.
Download or read book Venture Capital written by Douglas Cumming and published by John Wiley & Sons. This book was released on 2010-04-29 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential guide to venture capital Studies have shown that venture capital backed entrepreneurial firms are on average significantly more successful than non-venture capital backed entrepreneurial firms in terms of innovativeness, profitability, and share price performance upon going public. Understanding the various aspects of venture capital is something anyone in any industry should be familiar with. This reliable resource provides a comprehensive view of venture capital by describing the current state of research and best practices in this arena. Issues addressed include sources of capital-such as angel investment, corporate funds, and government funds-financial contracts and monitoring, and the efficiency implications of VC investment, to name a few. Opens with a review of alternative forms of venture capital Highlights the structure of venture capital investments Examines the role venture capitalists play in adding value to their investee firms This informative guide will help you discover the true potential of venture capital.
Download or read book More Than Just Money written by Xiao Sun and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: In addition to initial financing, venture capital (VC) firms also provide other value-added contributions. Many VC firms and their portfolio companies consider these value-added contributions the most significant contributions VC firms make. The value-added contributions have been found to be different depending on whether the VC firm is a "traditional" VC firm or "corporate" venture capital (CVC) firm. Traditional VC and CVC firms have different investment objectives and possess different areas of expertise, leading to differences in the value-added contributions provided. The differences in the value-added contributions raise the question of whether the performance of portfolio firms is affected by the type of venture capital backer. This study seeks to 1) quantify the impact of VC-affiliation on portfolio firm performance, and 2) compare the differences in performance of VC and CVC firms' portfolio companies. The paper examines the financial performance, IPO valuation, and stock performance of VC-backed, CVC-backed, and independent companies in the 3-year period following an IPO. The years 1998, 1999, and 2002 (representing the height of the tech bubble and bear market of the early 2000s recession) were chosen as the sample period. The results of the analysis indicate that VC-backed companies as a whole outperform independent companies in every aspect, confirming that the value-added contributions of VC firms help the performance of their portfolio companies. The performance of portfolio companies also differed depending on the type of their VC-backer. Traditional VC-backed portfolio companies had higher revenue growth and IPO valuations, while CVC-backed portfolio companies had higher net income growth and slightly better stock performance. Ultimately, the results confirm that VC firms improve portfolio company performance, and the impact of the VC firm's value-added contributions differs depending on the type of VC-backing.
Download or read book Value Added by Venture Capitalists written by Seyedeh Anoosheh Rostamkalaei and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is generally well understood that venture capital (VC) is an important and significant source of financing for small firms. Questions revolving around the increased likelihood of a firm backed by Venture Capitalists (VCs) to be export oriented have yet to be fully explored. Responding to this research gap, a sample of Canadian VC backed firms is used to compare the performance of Canadian VC firms in terms of facilitating internationalization among their portfolio companies. The particular reference of this study is Export Development Canada (EDC), a crown corporation mandated to promote export among Canadian firms. This research finds that EDC as a VC investor and export-oriented consultant has no association with the increased probability of exporting. Also, stage of the investment does not show any relationship with internationalization. These results run contrary to previous speculation that syndication of VCs increases the probability of internationalization among portfolio firms.
Download or read book Venture Capital at the Crossroads written by William D. Bygrave and published by Harvard Business Press. This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the role of venture capital in the creation of new businesses. The book provides information on the size of the industry and how risk-taking and the time perspectives of its practitioners are changing, and shows how venture capital is more than a question of lending money.
Download or read book Venture Capital in Europe written by Greg N. Gregoriou and published by Elsevier. This book was released on 2011-04-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until recently, only the United States had an active venture capital market. This is changing rapidly, as many other countries have experienced rapid growth in venture capital financing over the past five years. This book contains new scientific articles showcasing the latest research on venture capital in Europe. Venture capital investment remains a hot topic with portfolio managers, individual investors, academics worldwide. This book examines in detail all the major issues regarding venture capital investment: contracting, financing, regulation, valuation, etc. and identifies new trends in the venture capital arena. Features a foreword by Josh Lerner.*The only book in which academics from around the world present the latest research on venture capital in Europe*Covers all of Europe as well as including overview papers about venture capital industry, public and private venture capital, valuation, financing, contracting, structuring, regulation, etc. *Comprehensive, authoritative coverage
Download or read book Corporate Venture Capital written by Kevin McNally and published by Routledge. This book was released on 1997-07-10 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the lack of academic and practical research into corporate venturing by examining the role of this activity as both a form of large firm-small firm collaboration and as an alternative source of equity finance for small firms. These issues are explored through surveys of independent fund managers, coporate executives and technolo
Download or read book Handbook of Research on Venture Capital written by Hans Landström and published by Edward Elgar Publishing. This book was released on 2007 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an overview of the various facets of venture capital and their related issues. This book surveys venture capital as a research field and explores the various conceptual, theoretical, methodological and geographic aspects. It focuses on the specific environs of venture capital.
Download or read book Venture Capital and the Finance of Innovation written by Andrew Metrick and published by John Wiley and Sons. This book was released on 2011-06-15 with total page 1153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.
Download or read book From Value added VCs to Equity Crowdfunding Syndicates written by Louis Coppey and published by . This book was released on 2016 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: "If you look at the venture business, for an industry that funds innovation - it really doesn't have that much", declared Josh Kopelman, founding partner at First Round Capital, in 2013. Notwithstanding, observing the industry in the last decade, one can identify at least two evolutions. First, a new generation of VC firms, to which First Round Capital belongs, has emerged and is reinventing VC firms' traditional organization to offer additional services beyond investment capital and their partners' time. Second, equity crowdfunding, spearheaded by equity crowdfunding syndicates, now allows entrepreneurs to raise funds entirely online and has become an interesting alternative to traditional venture capital. This paper's first objective is to describe and evaluate the strategies embraced by these new types of value-added VC firms. The second objective is to review online syndicates' characteristics and their evolution since their inception 3 years ago. I first consider whether they can become credible competitors of VC firms and end with a few predictions regarding the space equity crowdfunding syndicates are likely to occupy. I show that the new emphasis placed on VC firms' value added services has empowered new entrants in the VC market, enabling them to break into the concentrated circle of the very few VC firms actually earning significant returns. Beyond the objective of improving their portfolio companies' operating performance, I show that VC firms embrace this strategy in order to 1) increase the size of their inbound deal flow, 2) improve the firm's brand and 3) provide General Partners with additional arguments to close competitive deals. In a second part, I argue that online syndicates could increasingly embrace the key success factors shared among successful venture capital firms. However, their lack of reputation may undermine their performance in the next venture capital cycle. I conclude that equity crowdfunding syndicates are primarily an interesting addition to the traditional early-stage industry, rather than a substitute for traditional VC firms. Lastly, I show how VC investors can take advantage of online syndicates to increase their firms' competitiveness.
Download or read book Deal Selection and Investor Value Added in Entrepreneurial Equity Financing written by Simon Tatomir and published by . This book was released on 2020-05-27 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents empirical analyses which investigate entrepreneurial equity investors' investment choices and value-added to portfolio companies. The results suggest that equity-crowdfunded companies' subsequent performance is causally negatively affected compared to peers that use traditional entrepreneurial equity financing, since equity crowdfunders add less value to portfolio companies than venture capitalists and business angels. Additional analyses suggest that venture capital investors' specialisation in certain branches of industry has opposite effects on their ability to select companies with high potential and add value to them. High levels of industry specialisation positively affect venture capitalists' ability to select companies with high potential but are detrimental to investors' value-added. These effects also have demonstrable implications for the formation and composition of investment syndicates.
Download or read book The Social Psychology of Procedural Justice written by E.Allan Lind and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: We dedicate this book to John Thibaut. He was mentor and personal friend to one of us, and his work had a profound intellectual influence on both of us. We were both strongly influenced by Thibaut's insightful articulation of the importance to psychology of the concept of pro cedural justice and by his empirical work with Laurens Walker in reactions to legal institu demonstrating the role of procedural justice tions. The great importance we accord the Thibaut and Walker work is evident throughout this volume. If anyone person can be said to have created an entire field of inquiry, John Thibaut created the psychological study of procedural justice. (To honor Thibaut thus in no sense reduces our recognition of the contributions of his co-worker, Laurens Walker, in the creation of the field. We are as certain that Walker would endorse our statement as we are that Thibaut, with characteristic modesty, would demur from it. ) Even to praise Thibaut in this fashion falls short of recognizing all of his contributions to procedural justice. Not only did he initiate the psy chological study of the topic, he also built much of the intellectual foun dation upon which the study of procedural justice rests. Thibaut's work with Harold Kelley (1959; Kelley & Thibaut, 1978) created a social psy chological theory of interdependence that, among many other applica tions, serves as the basis for one of the major models of the psychology of procedural justice.
Download or read book Venture Capital Investors and Portfolio Firms written by Sophie Manigart and published by . This book was released on 2013 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Venture Capital Investors and Portfolio Firms venture capital firms are considered as investors in young growth-oriented companies. The authors focus on the later phases of the venture capital (VC) investment process. They therefore emphasize monitoring, value adding, and exiting activities. They also include a review of the literature on the outcome of venture capital investment activities. Research findings are drawn principally from refereed journal papers in entrepreneurship, finance, and management. The monograph is divided into six principal areas: 1.What venture capital firms do. 2.The impact of VCs on portfolio firms and other stakeholders. 3.The role of syndication. 4.The nature and timing of exit from VC investments. 5.The role of VCs in portfolio companies that undergo an initial public offering (IPO). 6.The returns from investing in VC. Venture Capital Investors and Portfolio Firms concludes with a detailed agenda for further research. To aid the reader who wishes to pursue particular papers in more detail, the authors provide a summary of the main papers in this literature in a set of tables where they identify the authors, publication date, the journal, the main research question, the theoretical perspective, data, and the principal findings.
Download or read book Startup VC Guide written by Jason Thiel and published by BoD – Books on Demand. This book was released on 2021 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Venture Capital written by and published by Routledge. This book was released on with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Comparison Study of Value added Benefits from Venture Capital Firms and Private Investors written by Tracy Ann Moore and published by . This book was released on 1991 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
