• Contact

  • Newsletter

  • About us

  • Delivery options

  • Prospero Book Market Podcast

  • Venture Capital 2.0: From Venturing to Partnering

    Venture Capital 2.0 by McCahery, Joseph A.; Vermeulen, Erik P.M.;

    From Venturing to Partnering

    Series: Annals of Corporate Governance; 2;

      • GET 8% OFF

      • The discount is only available for 'Alert of Favourite Topics' newsletter recipients.
      • Publisher's listprice GBP 66.00
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        31 531 Ft (30 030 Ft + 5% VAT)
      • Discount 8% (cc. 2 522 Ft off)
      • Discounted price 29 009 Ft (27 628 Ft + 5% VAT)

    31 531 Ft

    Availability

    Uncertain availability. Please turn to our customer service.

    Why don't you give exact delivery time?

    Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.

    Product details:

    • Publisher Now Publishers
    • Date of Publication 19 July 2016
    • Number of Volumes Paperback

    • ISBN 9781680831542
    • Binding Paperback
    • No. of pages92 pages
    • Size 234x156x5 mm
    • Weight 333 g
    • Language English
    • 0

    Categories

    Short description:

    Against the backdrop of an ever-changing financial landscape, &&&8220;venture capital&&&8221; has taken on a new uncertainty and complexity. In this review, the authors suggest that venture capital should not exclusively - or even primarily - be defined in terms of providing risk capital (and advise) to founder-entrepreneurs.

    More

    Long description:

    Against the backdrop of an ever-changing financial landscape sometimes characterized by an abundance of funding and start-up opportunities, but usually characterized by down rounds and decreasing valuations (leading to funding, investment and liquidity gaps), ""venture capital"" has taken on a new uncertainty and complexity. In this review, we suggest that venture capital should not exclusively &&&8212; or even primarily &&&8212; be defined in terms of providing risk capital (and advise) to founder-entrepreneurs. Such an approach to venture capital, which is often described in terms of a ""venture capital cycle"", seems to represent the conventional wisdom in most recent discussion. According to this perspective, the solution to the funding, investment, and liquidity gaps is for new sources of capital &&&8212; be they government, corporate or crowd &&&8212; to step in and provide founder-entrepreneurs with money, capacities and connections that allows them to start, scale, and grow their businesses.

    These ingredients are necessary but not sufficient to maximize the economic potential of start-ups. Clearly we need something more. Recently, alternative forms of finance and a new breed of venture capital providers have emerged which focus more on collaborations and the process of building long-term relationships constructed around sharing, mutual trust and respect (partnering) than making money (venturing). Online platforms, such as AngelList, play an important role in encouraging these collaborative models. Some investors have labeled this process as ""venture capital 2.0"". We explore the view that reforms that relax rules and regulations governing initial public offerings should attract new ""venture capital 2.0"" investors and high volumes of business. However, the growth rates for new segment listings in Europe and the United States have stalled recently, casting doubts on the usefulness of the of the IPO route for both young firms and investors. We suggest that a renewed focus on private IPOs, followed by a trade-sale or public IPO, is necessary to accommodate the preferences of entrepreneurs and investors.

    More