2132:
consists of investing in equity, quasi-equity, or conditional loans in order to promote unlisted, high-risk, or high-tech firms driven by technically or professionally qualified entrepreneurs. It is also used to refer to investors "providing seed", "start-up and first-stage financing", or financing companies that have demonstrated extraordinary business potential. Venture capital refers to capital investment; equity and debt; both of which carry indubitable risk. The anticipated risk is very high. The venture capital industry follows the concept of "high risk, high return", innovative entrepreneurship, knowledge-based ideas and human capital intensive enterprises have become common as venture capitalists invest in risky finance to encourage innovation. A large portion of funding from startups in India arise from
Foreign Venture Capital Funds such as Sequoia, Accel, Tiger Global, SoftBank, etc.
1850:(SR&ED) investment tax credit program. The basic incentive available to any Canadian corporation performing R&D is a refundable tax credit that is equal to 20% of "qualifying" R&D expenditures (labour, material, R&D contracts, and R&D equipment). An enhanced 35% refundable tax credit of available to certain (i.e. small) Canadian-controlled private corporations (CCPCs). Because the CCPC rules require a minimum of 50% Canadian ownership in the company performing R&D, foreign investors who would like to benefit from the larger 35% tax credit must accept minority position in the company, which might not be desirable. The SR&ED program does not restrict the export of any technology or intellectual property that may have been developed with the benefit of SR&ED tax incentives.
1162:
thereby differentiating VC from buy-out private equity, which typically invest in companies with proven revenue, and thereby potentially realizing much higher rates of returns. Inherent in realizing abnormally high rates of returns is the risk of losing all of one's investment in a given startup company. As a consequence, most venture capital investments are done in a pool format, where several investors combine their investments into one large fund that invests in many different startup companies. By investing in the pool format, the investors are spreading out their risk to many different investments instead of taking the chance of putting all of their money in one start up firm.
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2182:(MAS) to make it easier to set up funds and increase funding opportunities for start-ups. This mainly includes simplifying and shortening the authorization process for new venture capital managers and to study whether existing incentives that have attracted traditional asset managers here will be suitable for the VC sector. A public consultation on the proposals was held in January 2017 with changes expected to be introduced by July.
1496:
primarily concerned about the cash returned from the deal as a multiple of the cash invested. According to 95% of the VC firms surveyed, VCs cite the founder or founding team as the most important factor in their investment decision. Other factors are also considered, including intellectual property rights and the state of the economy. Some argue that the most important thing a VC looks for in a company is high-growth.
2247:
about 70 active venture capital funds, of which 14 international VCs with
Israeli offices, and additional 220 international funds which actively invest in Israel. In addition, as of 2010, Israel led the world in venture capital invested per capita. Israel attracted $ 170 per person compared to $ 75 in the USA. About two thirds of the funds invested were from foreign sources, and the rest domestic. In 2013,
471:) founded ARDC in 1946 to encourage private-sector investment in businesses run by soldiers returning from World War II. ARDC became the first institutional private-equity investment firm to raise capital from sources other than wealthy families. Unlike most present-day venture capital firms, ARDC was a publicly traded company. ARDC's most successful investment was its 1957 funding of
2186:
Singapore's tech startup scene has grown in recent years, and the city-state ranked seventh in the latest Global
Innovation Index 2022. For the first nine months of 2022, investments up to Series B rounds amounted to $ 5.5 billion Singapore dollars ($ 4 billion), an increase of 14% by volume and 45% by value, according to data from government agency Enterprise Singapore.
742:) gave rise to a major proliferation of venture capital investment firms. From just a few dozen firms at the start of the decade, there were over 650 firms by the end of the 1980s, each searching for the next major "home run". The number of firms multiplied, and the capital managed by these firms increased from $ 3 billion to $ 31 billion over the course of the decade.
952:
where companies pitch directly to investor groups in face-to-face meetings, including a variant known as "Speed
Venturing", which is akin to speed-dating for capital, where the investor decides within 10 minutes whether he wants a follow-up meeting. In addition, some new private online networks are emerging to provide additional opportunities for meeting investors.
842:
347:. Once integrated into the business network, these firms are more likely to succeed, as they become "nodes" in the search networks for designing and building products in their domain. However, venture capitalists' decisions are often biased, exhibiting for instance overconfidence and illusion of control, much like entrepreneurial decisions in general.
1552:
fail with their initial industry contacts; by the time the fund cashes out, an entirely new generation of technologies and people is ascending, whom the general partners may not know well, and so it is prudent to reassess and shift industries or personnel rather than attempt to simply invest more in the industry or people the partners already know.
1692:, businesses may more cheaply be able to raise debt to finance their growth. Good examples would include asset-intensive extractive industries such as mining, or manufacturing industries. Offshore funding is provided via specialist venture capital trusts, which seek to use securitization in structuring hybrid multi-market transactions via an SPV (
2155:
number of PE and VC investments increased substantially over the last 5 years: In 2015, Singapore recorded 81 investments with an aggregate value of US$ 2.2 billion while in 2014 and 2013, PE and VC deal values came to US$ 2.4 billion and US$ 0.9 billion respectively. With 53 percent, tech investments account for the majority of deal volume.
1166:
2113:
Venture
Capital Association, 59 transactions of total value of €29.4 million took place in 2020. Most of the venture capital investments in Bulgaria are concentrated in the seed and Series A stages. Sofia-based LAUNCHub Ventures recently launched one of the biggest funds in the region, with a target size of €70 million.
885:), raised only $ 25.1 billion in 2006, a 2% decline from 2005 and a significant decline from its peak. The decline continued till their fortunes started to turn around in 2010 with $ 21.8 billion invested (not raised). The industry continued to show phenomenal growth and in 2020 hit $ 80 billion in fresh capital.
2457:
comic strip, a character named "Vijay, the World's Most
Desperate Venture Capitalist" frequently makes appearances, offering bags of cash to anyone with even a hint of potential. In one strip, he offers two small children with good math grades money based on the fact that if they marry and produce an
1959:
As the number of capital providers in the
Australian and New Zealand ecosystem has grown, funds have started to specialise and innovate to differentiate themselves. For example, Tenacious Ventures is a $ 35 million specialised agritech fund, while AfterWork Ventures is a 'community-powered fund' that
1755:
Venture capital, as an industry, originated in the United States, and
American firms have traditionally been the largest participants in venture deals with the bulk of venture capital being deployed in American companies. However, increasingly, non-US venture investment is growing, and the number and
1680:
is a partial alternative to venture capital funding. Media for equity investors are able to supply start-ups with often significant advertising campaigns in return for equity. In Europe, an investment advisory firm offers young ventures the option to exchange equity for services investment; their aim
1551:
Because a fund may run out of capital prior to the end of its life, larger venture capital firms usually have several overlapping funds at the same time; doing so lets the larger firm keep specialists in all stages of the development of firms almost constantly engaged. Smaller firms tend to thrive or
1465:
It can take anywhere from a month to several years for venture capitalists to raise money from limited partners for their fund. At the time when all of the money has been raised, the fund is said to be closed and the 10-year lifetime begins. Some funds have partial closes when one half (or some other
974:
If a company does have the qualities venture capitalists seek including a solid business plan, a good management team, investment and passion from the founders, a good potential to exit the investment before the end of their funding cycle, and target minimum returns in excess of 40% per year, it will
899:
Obtaining venture capital is substantially different from raising debt or a loan. Lenders have a legal right to interest on a loan and repayment of the capital irrespective of the success or failure of a business. Venture capital is invested in exchange for an equity stake in the business. The return
745:
The growth of the industry was hampered by sharply declining returns, and certain venture firms began posting losses for the first time. In addition to the increased competition among firms, several other factors affected returns. The market for initial public offerings cooled in the mid-1980s before
2278:
Currently, there are not many venture capital funds in operation and it is a small community; however, the number of venture funds are steadily increasing with new incentives slowly coming in from government. Funds are difficult to come by and due to the limited funding, companies are more likely to
1637:
otherwise unknown to them if the company can prove at least some of its claims about the technology and/or market potential for its product or services. To achieve this, or even just to avoid the dilutive effects of receiving funding before such claims are proven, many start-ups seek to self-finance
1544:
A share of the profits of the fund, typically 20%, paid to the fund's general partner as a performance incentive. The remaining 80% of the profits are allocated to the general partner and limited partners in proportion to their contributed capital. Strong limited partner interest in top-tier venture
801:
cousins, due in part to the competition for hot startups, excess supply of IPOs and the inexperience of many venture capital fund managers. Growth in the venture capital industry remained limited throughout the 1980s and the first half of the 1990s, increasing from $ 3 billion in 1983 to just over $
2282:
Entrepreneurship is a key to growth. Governments will need to ensure business friendly regulatory environments in order to help foster innovation. In 2019, venture capital startup funding grew to 1.3 billion dollars, increasing rapidly. The causes are as of yet unclear, but education is certainly a
1997:
The EU lags significantly behind the US and China in venture capital investments, with the EU capturing only 5% of global venture capital compared to 52% in the US and 40% in China. Venture capital funds in the EU account for just 5% of the global total, whereas those in the United States and China
1499:
The funding decision process has spawned bias in the form of a large disparity between the funding received by men and minority groups, such as women and people of color. In 2021, female founders only received 2% of VC funding in the United States. Some research studies have found that VCs evaluate
624:
During the 1960s and 1970s, venture capital firms focused their investment activity primarily on starting and expanding companies. More often than not, these companies were exploiting breakthroughs in electronic, medical, or data-processing technology. As a result, venture capital came to be almost
2154:
is widely recognized and featured as one of the hottest places to both start up and invest, mainly due to its healthy ecosystem, its strategic location and connectedness to foreign markets. With 100 deals valued at US$ 3.5 billion, Singapore saw a record value of PE and VC investments in 2016. The
1890:
In
Australia and New Zealand, there have been 3 waves of VC, starting with Bill Ferris who founded IVC in 1970. are more than one hundred active VC funds, syndicates, or angel investors making VC-style investments. The 2nd wave was led by Starfish & Southern Cross VC, with the latter producing
1449:
have a fixed life of 10 years, with the possibility of a few years of extensions to allow for private companies still seeking liquidity. The investing cycle for most funds is generally three to five years, after which the focus is managing and making follow-on investments in an existing portfolio.
1262:
Within the venture capital industry, the general partners and other investment professionals of the venture capital firm are often referred to as "venture capitalists" or "VCs". Typical career backgrounds vary, but, broadly speaking, venture capitalists come from either an operational or a finance
2124:
has been undergoing an investment boom over the last ten years, peaking at US$ 10 billion in 2021. The Korean government and mega-corporations such as Kakao, Smilegate, SK, and Lotte has been behind much of the funding, backing both venture firms and accelerators, but has recently announced a 40%
2017:
Recent years have seen a revival of the Nordic venture scene with more than €3 billion raised by VC funds in the Nordic region over the last five years. Over the past five years, a total of €2.7 billion has been invested into Nordic startups. Known Nordic early-stage venture capital funds include
1660:
is an approach to raising the capital required for a new project or enterprise by appealing to large numbers of ordinary people for small donations. While such an approach has long precedents in the sphere of charity, it is receiving renewed attention from entrepreneurs, now that social media and
1252:
VC expectations can often vary. Some may want a quicker public sale of the company or expect fast growth. The amount of help a VC provides can vary from one firm to the next. There are also estimates on how big of an exit a VC will expect for the company (i.e. if the size of the VC fund is $ 20M,
951:
Because there are no public exchanges listing their securities, private companies meet venture capital firms and other private-equity investors in several ways, including warm referrals from the investors' trusted sources and other business contacts; investor conferences and symposia; and summits
862:" (the values of the fund's investments were below the amount of capital invested). Venture capital investors sought to reduce the size of commitments they had made to venture capital funds, and, in numerous instances, investors sought to unload existing commitments for cents on the dollar in the
825:
IPOs—AOL in 1992; Netcom in 1994; UUNet, Spyglass and
Netscape in 1995; Lycos, Excite, Yahoo!, CompuServe, Infoseek, C/NET, and E*Trade in 1996; and Amazon, ONSALE, Go2Net, N2K, NextLink, and SportsLine in 1997—generated enormous returns for their venture capital investors. These returns, and the
2246:
In Israel, high-tech entrepreneurship and venture capital have flourished well beyond the country's relative size. As it has very little natural resources and, historically has been forced to build its economy on knowledge-based industries, its VC industry has rapidly developed, and nowadays has
2112:
The Bulgarian venture capital industry has been growing rapidly in the past decade. As of the beginning of 2021, there are 18 VC and growth equity firms on the local market, with the total funding available for technology startups exceeding €200M. According to BVCA – Bulgarian Private Equity and
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Currently, about 3% of all venture capital is going to woman-led companies. More than 75% of VC firms in the US did not have any female venture capitalists at the time they were surveyed. It was found that a greater fraction of VC firms had never had a woman represent them on the board of one of
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states that VCs rarely use standard financial analytics. First, VCs engage in a process known as "generating deal flow," where they reach out to their network to source potential investments. The study also reported that few VCs use any type of financial analytics when they assess deals; VCs are
873:
Although the post-boom years represent just a small fraction of the peak levels of venture investment reached in 2000, they still represent an increase over the levels of investment from 1980 through 1995. As a percentage of GDP, venture investment was 0.058% in 1994, peaked at 1.087% (nearly 19
857:
crash and technology slump that started in March 2000 shook virtually the entire venture capital industry as valuations for startup technology companies collapsed. Over the next two years, many venture firms had been forced to write-off large proportions of their investments, and many funds were
698:
Throughout the 1970s, a group of private-equity firms, focused primarily on venture capital investments, would be founded that would become the model for later leveraged buyout and venture capital investment firms. In 1973, with the number of new venture capital firms increasing, leading venture
1837:
According to a report by Dow Jones VentureSource, venture capital funding fell to $ 6.4 billion in the US in the first quarter of 2013, an 11.8% drop from the first quarter of 2012, and a 20.8% decline from 2011. Venture firms have added $ 4.2 billion into their funds this year, down from $ 6.3
1774:
In the year of 2008, while VC funding were still majorly dominated by U.S. money ($ 28.8 billion invested in over 2550 deals in 2008), compared to international fund investments ($ 13.4 billion invested elsewhere), there has been an average 5% growth in the venture capital deals outside the US,
1457:
In such a fund, the investors have a fixed commitment to the fund that is initially unfunded and subsequently "called down" by the venture capital fund over time as the fund makes its investments. There are substantial penalties for a limited partner (or investor) that fails to participate in a
826:
performance of the companies post-IPO, caused a rush of money into venture capital, increasing the number of venture capital funds raised from about 40 in 1991 to more than 400 in 2000, and the amount of money committed to the sector from $ 1.5 billion in 1991 to more than $ 90 billion in 2000.
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A core skill within VCs is the ability to identify novel or disruptive technologies that have the potential to generate high commercial returns at an early stage. By definition, VCs also take a role in managing entrepreneurial companies at an early stage, thus adding skills as well as capital,
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In recent years, Singapore's focus in venture capital investments has geared more towards more early stage, deep tech startups, with the government launching SGInnovate in 2016 to support the development of deep tech startups. Deep tech startups aim to address significant scientific problems.
2131:
is catching up with the West in the field of venture capital and a number of venture capital funds have a presence in the country (IVCA). In 2006, the total amount of private equity and venture capital in India reached $ 7.5 billion across 299 deals. In the Indian market, venture capital
1367:
Responsible for providing support and resources to portfolio companies beyond financial investment. This team focuses on offering strategic guidance, operational expertise, and access to networks to help portfolio companies scale and succeed. Platform teams may assist with talent acquisition,
903:
Venture capitalists are typically very selective in deciding what to invest in, with a Stanford survey of venture capitalists revealing that 100 companies were considered for every company receiving financing. Ventures receiving financing must demonstrate an excellent management team, a large
2719:
of investment managers under ERISA. Under the original application, each investment was expected to adhere to risk standards on its own merits, limiting the ability of investment managers to make any investments deemed potentially risky. Under the revised 1978 interpretation, the concept of
1861:
from government to encourage retail investors to purchase the funds. Generally, these Retail Venture Capital funds only invest in companies where the majority of employees are in Canada. However, innovative structures have been developed to permit LSVCCs to direct in Canadian subsidiaries of
1035:(IPO) or an acquisition. Early stage VCs may exit in later rounds when new investors (VCs or private-equity investors) buy the shares of existing investors. Sometimes a company very close to an IPO may allow some VCs to exit and instead new investors may come in hoping to profit from the IPO.
609:(SBA) to license private "Small Business Investment Companies" (SBICs) to help the financing and management of the small entrepreneurial businesses in the United States. The Small Business Investment Act of 1958 provided tax breaks that helped contribute to the rise of private-equity firms.
198:, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for
2174:
has given out grants up to around $ 30 million to four large local enterprises for investments in startups in the city-state. This first of its kind partnership NRF has entered into is designed to encourage these enterprises to source for new technologies and innovative business models.
1714:
Every year, there are nearly 2 million businesses created in the US, but only 600–800 get venture capital funding. According to the National Venture Capital Association, 11% of private sector jobs come from venture-backed companies and venture-backed revenue accounts for 21% of US GDP.
1358:
on potential deals. EIRs are hired by venture capital firms temporarily (6 to 18 months) and are expected to develop and pitch startup ideas to their host firm, although neither party is bound to work with each other. Some EIRs move on to executive positions within a portfolio company.
1329:
This is typically the most junior apprentice position within a venture capital firm. After a few successful years, an associate may move up to the "senior associate" position and potentially principal and beyond. Associates will often have worked for 1–2 years in another field, such as
1028:, companies will use growth capital to scale the business. These are typically larger financing rounds with have higher valuations because the companies have started to prove traction and de-risk the investment. Growth capital typically includes Series B, Series C, and later rounds.
1699:
In addition to traditional venture capital and angel networks, groups have emerged, which allow groups of small investors or entrepreneurs themselves to compete in a privatized business plan competition where the group itself serves as the investor through a democratic process.
959:, which cannot be financed by cheaper alternatives such as debt. That is most commonly the case for intangible assets such as software, and other intellectual property, whose value is unproven. In turn, this explains why venture capital is most prevalent in the fast-growing
2091:
which have invested locally in over 750 companies, an average of 9 companies per portfolio. Since 2016, new legal institutions have been established for entities implementing investments in enterprises in the seed or startup phase. In 2018, venture capital funds invested
3826:
2219:
The report also notes that a total of 130 institutions invested in MENA-based startups in H1 2019, 30% of which were headquartered outside the MENA, demonstrating international appetite for investments in the region. 15 startup exits have been recorded in H1 2019, with
1979:
Magazine's Midas List of the world's top dealmakers in technology venture capital in 2007. In 2020, the first Italian Venture capital Fund named Primo Space was launched by Primomiglio SGR. This fund first closed €58 million out a target €80 million and is focused on
1038:
Bridge financing is when a startup seeks funding in between full VC rounds. The objective is to raise a smaller amount of money to "bridge" the gap when current funds are expected to run out prior to planned future funding, intended to meet short-term working capital
303:
that venture capitalists assume by investing in smaller and early-stage companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the companies' ownership (and consequently value). Companies such as
2265:
The Southern African venture capital industry is developing. The South African Government and Revenue Service is following the international trend of using tax-efficient vehicles to propel economic growth and job creation through venture capital. Section 12 J of the
1960:
has coalesced a group of 120 experienced operators from across Australia's startups and tech companies. Its community is invested in its fund, and lean into assist with sourcing and evaluating deal opportunities, as well as supporting companies post-investment.
612:
During the 1950s, putting a venture capital deal together may have required the help of two or three other organizations to complete the transaction. It was a business that was growing very rapidly, and as the business grew, the transactions grew exponentially.
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Schmitt, Antje; Rosing, Kathrin; Zhang, Stephen X.; Leatherbee, Michael (September 21, 2017). "A Dynamic Model of Entrepreneurial Uncertainty and Business Opportunity Identification: Exploration as a Mediator and Entrepreneurial Self-Efficacy as a Moderator".
2307:. Entrepreneurs must remain vigilant about sharing information with venture capitalists that are investors in their competitors. Most venture capitalists treat information confidentially, but as a matter of business practice, they do not typically enter into
1949:. These three funds have more than $ 1 billion AUD under management across multiple funds. These funds have funding from institutional capital, including AustralianSuper and Hostplus, family offices, and sophisticated individual high-net-wealth investors.
2200:
by MAGNiTT, 238 startup investment deals have taken place in the region in the first half of 2019, totaling in $ 471 million in investments. Compared to 2018's H1 report, this represents an increase of 66% in total funding and 28% in number of deals.
3725:
1535:
Quarterly payments made by the limited partners to the fund's manager to pay for the firm's investment operations. In a typical venture capital fund, the general partners receive an annual management fee between 2% and 2.5% of the committed capital.
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potential market, and most importantly high growth potential, as only such opportunities are likely capable of providing financial returns and a successful exit within the required time frame (typically 8–12 years) that venture capitalists expect.
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Venture capitalists invested some $ 29.1 billion in 3,752 deals in the U.S. through the fourth quarter of 2011, according to a report by the National Venture Capital Association. The same numbers for all of 2010 were $ 23.4 billion in 3,496 deals.
900:
of the venture capitalist as a shareholder depends on the growth and profitability of the business. This return is generally earned when the venture capitalist "exits" by selling its shareholdings when the business is sold to another owner.
878:-driven environment in 2004 through 2007 helped to revive the venture capital environment. However, as a percentage of the overall private-equity market, venture capital has still not reached its mid-1990s level, let alone its peak in 2000.
1630:, to avoid giving up equity ownership in the business. For entrepreneurs seeking more than just funding, startup studios can be an appealing alternative to venture capitalists, as they provide operational support and an experienced team.
1910:
The State of Startup Funding report found that in 2021, over AUD $ 10 billion AUD was invested into Australian and New Zealand startups across 682 deals. This represents a 3x increase from the $ 3.1 billion that was invested in 2020.
1481:—where different investors have different terms. Typically asymmetry is seen in cases where investors have opposing interests, such as the need to not have unrelated business taxable income in the case of public tax-exempt investors.
1312:
This is a mid-level investment professional position, and often considered a "partner-track" position. Principals will have been promoted from a senior associate position or who have commensurate experience in another field, such as
2325:
of venture capital firms typically have access only to limited amounts of information with respect to the individual portfolio companies in which they are invested and are typically bound by confidentiality provisions in the fund's
486:, founded in 1965 by Charlie Waite and Bill Elfers; Morgan, Holland Ventures, the predecessor of Flagship Ventures, founded in 1982 by James Morgan; Fidelity Ventures, now Volition Capital, founded in 1969 by Henry Hoagland; and
3096:
2421:(2002) features a venture capitalist protagonist who investigates the disappearance of the chief scientist in a biotech firm in which he has invested. Coggins also worked in the industry and was co-founder of a dot-com startup.
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between the years 1997 and 2000 that parodied the industry, often by showing humorous exchanges between venture capitalists and entrepreneurs. Von Goeben was a partner in Redleaf Venture Management when he began writing the
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Start-ups and small businesses in Singapore receive support from policymakers and the local government fosters the role VCs play to support entrepreneurship in Singapore and the region. For instance, in 2016, Singapore's
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1303:
Venture partners are not employees of the firm but are expected to source potential investment opportunities ("bring in deals") and typically are compensated only for those deals with which they are involved.
1267:) tend to be former founders or executives of companies similar to those which the partnership finances or will have served as management consultants. Venture capitalists with finance backgrounds tend to have
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the leading VC of the 3rd wave, Blackbird. There was a boom in 2018, and today there are more than one hundred active VC funds, syndicates, or angel investors making VC-style investments. There have been few
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receive funding if they can demonstrate initial sales or traction and the potential for significant growth. The majority of the venture capital in Sub-Saharan Africa is centered on South Africa and Kenya.
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was updated to include venture capital. Companies are allowed to use a tax-efficient structure similar to VCTs in the UK. Despite the above structure, the government needs to adjust its regulation around
4675:
1158:. These funds are typically managed by a venture capital firm, which often employs individuals with technology backgrounds (scientists, researchers), business training and/or deep industry experience.
6044:
4092:
2009:
has fostered policies that contributed to a 30% rise in venture capital specifically for greentech companies in the EU from 2021 to 2023, despite a downturn in other sectors during the same period.
241:, venture capital firms, or other sources to finance the initial operations and development of their business idea. Seed funding is often used to validate the concept, build a prototype, or conduct
1626:, who may be more willing to invest in highly speculative opportunities, or may have a prior relationship with the entrepreneur. Additionally, entrepreneurs may seek alternative financing, such as
1454:
through the 1980s to invest in technological trends broadly but only during their period of ascendance, and to cut exposure to management and marketing risks of any individual firm or its product.
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They run the Venture Capital firm and make the investment decisions on behalf of the fund. GPs typically put in personal capital up to 1–2% of the VC Fund size to show their commitment to the LPs.
703:
for the venture capital industry. Venture capital firms suffered a temporary downturn in 1974, when the stock market crashed and investors were naturally wary of this new kind of investment fund.
3629:
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however more than 90% of US startups valued over $ 1 billion lost money between 2019–2020 and return on investment from VC barely exceed return from public stock markets over the last 25 years.
5890:
5238:
166:
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1956:, Artesian, Folklore Ventures, Equity Venture Partners, Our Innovation Fund, Investible, Main Sequence Ventures (the VC arm of the CSIRO), OneVentures, Proto Axiom, and Tenacious Ventures.
5128:
4989:
2743:"RIII Ventures is an angel fund maintained by Managing Partner Evan Rutchik. Tech-centric, RIII is focused on investing in disruptive technology and the innovative minds behind each idea"
1186:
of which serve as the managers of the firm and will serve as investment advisors to the venture capital funds raised. Venture capital firms in the United States may also be structured as
1669:. One of the reasons to look for alternatives to venture capital is the problem of the traditional VC model. The traditional VCs are shifting their focus to later-stage investments, and
3088:
1847:
5604:
2494:) are bachelors who create appearances to play at different weddings of complete strangers, and a large part of the movie follows them posing as venture capitalists from New Hampshire.
1987:
Comparing the EU market to the United States, in 2020 venture capital funding was seven times lower, the EU having less unicorns. This hampers the EU's transformation into a green and
237:
Pre-seed and seed rounds are the initial stages of funding for a startup company, typically occurring early in its development. During a seed round, entrepreneurs seek investment from
6192:
1243:
Business situation: Some VCs tend to invest in new, disruptive ideas, or fledgling companies. Others prefer investing in established companies that need support to go public or grow.
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633:
acquired the portfolio of Draper and Johnson as a founding action. Bill Draper and Paul Wythes were the founders, and Pitch Johnson formed Asset Management Company at that time.
5316:
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339:
for the new firms and industries so that they can progress and develop. This institution helps identify promising new firms and provide them with finance, technical expertise,
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516:. Florida Foods Corporation proved Whitney's most famous investment. The company developed an innovative method for delivering nutrition to American soldiers, later known as
4414:
1545:
firms has led to a general trend toward terms more favorable to the general partner, and certain groups are able to command a carried interest of 25 to 30% for their funds.
4448:
475:(DEC), which would later be valued at more than $ 355 million after its initial public offering in 1968. This represented a return of over 1200 times its investment and an
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at 13%. In terms of deals by sector, fintech remains the most active industry with 17% of the deals made, followed by e-commerce at 12%, and delivery and transport at 8%.
6394:
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portfolio diversification of risk, measuring risk at the aggregate portfolio level rather than the investment level to satisfy fiduciary standards would also be accepted.
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159:
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There are several strict guidelines regulating those that deal in venture capital. Namely, they are not allowed to advertise or solicit business in any form as per the
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3682:
2880:
1134:. The venture capitalist is often expected to bring managerial and technical expertise, as well as capital, to their investments. A venture capital fund refers to a
706:
It was not until 1978 that venture capital experienced its first major fundraising year, as the industry raised approximately $ 750 million. With the passage of the
3418:
4276:
3448:
1994:
As of 2024, tighter financial conditions have harmed venture capital funding in the European Union, which remains undeveloped in comparison to the United States.
1963:
Several Australian corporates have corporate VC arms, including NAB Ventures, Reinventure (associated with Westpac), IAG Firemark Ventures, and Telstra Ventures.
5150:
4749:
4682:
4626:
4391:
320:(when a company has reached a market valuation of over $ 1 billion). Venture capitalists also often provide strategic advice to the company's executives on its
6131:
4330:
152:
6356:
5523:
3241:
7098:
4084:
915:
prior to investment. Venture capitalists also are expected to nurture the companies in which they invest, in order to increase the likelihood of reaching an
4719:
2563:
features the use of venture capital firms for the startup companies during the PC revolution of the 1980s and rise of the world-wide-web in the early 1990s.
2171:
1846:
Canadian technology companies have attracted interest from the global venture capital community partially as a result of generous tax incentive through the
1783:. Geographical differences can be significant. For instance, in the UK, 4% of British investment goes to venture capital, compared to about 33% in the U.S.
5015:
770:
656:, put up the capital. The compensation structure, still in use today, also emerged with limited partners paying an annual management fee of 1.0–2.5% and a
625:
synonymous with financing of technology ventures. An early West Coast venture capital company was Draper and Johnson Investment Company, formed in 1962 by
1882:
is a fast-growing sector in the country that, with the support of institutions and private funds, is estimated to reach US$ 100 billion invested by 2018.
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5882:
5234:
5182:
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4179:
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4805:"Mandelson, Peter. "There is no Google, or Amazon, or Microsoft or Apple in the UK, Mandelson tells BVCA." BriskFox Financial News, March 11, 2009"
3962:
1927:
1857:. These funds, also known as Retail Venture Capital or Labour Sponsored Investment Funds (LSIF), are generally sponsored by labor unions and offer
955:
This need for high returns makes venture funding an expensive capital source for companies, and most suitable for businesses having large up-front
6253:
2027:
1763:
in a variety of developing regions. In many of these regions, with less developed financial sectors, venture capital plays a role in facilitating
1194:. This constituency comprises both high-net-worth individuals and institutions with large amounts of available capital, such as state and private
773:, among others, began shifting their focus from funding early stage companies toward investments in more mature companies. Even industry founders
5124:
4981:
4246:
4154:
1919:
1863:
245:. This initial capital injection is crucial for startups to kickstart their journey and attract further investment in subsequent funding rounds.
3145:
2148:
is experiencing its first foreign venture capitals, including IDG Venture Vietnam ($ 100 million) and DFJ Vinacapital ($ 35 million).
1735:, and that businesses with all-male teams were more than four times as likely to receive VC funding compared to teams with at least one woman.
722:", thus allowing corporate pension funds to invest in the asset class and providing a major source of capital available to venture capitalists.
5099:
3857:
1953:
1938:
1791:
5370:
6672:
2600:
1931:
1923:
446:
35:
5397:
4061:
4002:
2935:
6452:
6305:
6184:
3683:"Bootlaw – Essential law for startups and emerging tech businesses – Up, Up and Away. Should You be Thinking About Venture Debt?"
2438:(2007), in which the actions of the main character's deceased girlfriend, a Silicon Valley venture capitalist, play a key role in the plot.
1998:
secure 52% and 40%, respectively. The financing gap for EU scale-ups is significant, with companies raising 50% less capital than those in
1946:
1854:
7158:
6589:
6215:
3810:
3184:
2311:
because of the potential liability issues those agreements entail. Entrepreneurs are typically well advised to protect truly proprietary
4808:
1681:
is to guide ventures through the development stage to arrive at a significant funding, mergers and acquisition, or other exit strategy.
7191:
7070:
4360:
5312:
4119:"What do they think and what do they say? Gender bias, entrepreneurial attitude in writing and venture capitalists' funding decisions"
3660:
6417:
5975:
5943:
5484:
2062:
3014:
5208:
1942:
6479:
4444:
3392:
6390:
2339:
707:
6386:
6161:
5685:
2096:
in Polish startups (0.033% of GDP). As of March 2019, total assets managed by VC companies operating in Poland are estimated at
1354:
Entrepreneurs-in-residence (EIRs) are experts in a particular industry sector (e.g., biotechnology or social media) and perform
3709:
490:, founded in 1970 by Richard Burnes. ARDC continued investing until 1971, when Doriot retired. In 1972 Doriot merged ARDC with
6275:
5913:
5347:
4923:
4575:
4549:
3509:
1703:
Law firms are also increasingly acting as an intermediary between clients seeking venture capital and the firms providing it.
710:(ERISA) in 1974, corporate pension funds were prohibited from holding certain risky investments including many investments in
5824:
5517:
5286:
5056:
4589:
3820:
3719:
3334:
3223:
Official website of the National Venture Capital Association, the largest trade association for the venture capital industry.
2919:
1971:
Leading early-stage venture capital investors in Europe include Mark Tluszcz of Mangrove Capital Partners and Danny Rimer of
1222:
Venture capitalist firms differ in their motivations and approaches. There are multiple factors, and each firm is different.
870:
MoneyTree Survey shows that total venture capital investments held steady at 2003 levels through the second quarter of 2005.
602:
17:
5725:
4893:
4774:
4648:
3548:
2194:
The Middle East and North Africa (MENA) venture capital industry is an early stage of development but growing. According to
6527:
5747:
5260:
3905:
1666:
1346:
In some cases, a venture capital firm may offer an analyst role for fresh graduates who have no prior relevant experience.
4470:
4297:
3686:
3303:
2956:
Ante, Spencer E.. Creative capital: Georges Doriot and the birth of venture capital. Boston, Harvard Business Press, 2008.
6892:
6887:
6092:
3940:
3414:
1743:. For comparison, a UC Davis study focusing on large public companies in California found 49.5% with at least one female
4268:
1661:
online communities make it possible to reach out to a group of potentially interested supporters at very low cost. Some
1470:
generally refers to the year in which the fund was closed and may serve as a means to stratify VC funds for comparison.
6795:
5100:"Quantenna Communications: This $ 100 Million IPO Is A Video And IoE Play (NASDAQ:QTNA-DEFUNCT-569984) | Seeking Alpha"
3440:
1723:
In 2020, female-founded companies raised 2.8% of capital investment from venture capital, the highest amount recorded.
6387:"Eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings"
1731:
in VC firms decreased from 10% in 1999 to 6% in 2014. The report also found that 97% of VC-funded businesses had male
4742:
4610:
4383:
3531:
3238:
3178:
3049:
2395:
2139:
1605:
1432:
1113:
797:
By the end of the 1980s, venture capital returns were relatively low, particularly in comparison with their emerging
715:
588:
6333:
6123:
6006:
5629:
4322:
4026:"Entrepreneurial Finance in the Twenty-first Century, a Review of Factors Influencing Venture Capitalist's Decision"
2750:
1414:
1095:
991:
Pre-seed funding: The earliest round of financing needed to prove a new idea, often provided by friends and family,
757:
In response to the changing conditions, corporations that had sponsored in-house venture investment arms, including
283:
options, venture capital is attractive for new companies with limited operating history that are too small to raise
6565:, "The Enablers: Venture capitalists used to exert discipline on startups. Now they often encourage recklessness",
6353:
5507:
2373:
1642:
until they reach a point where they can credibly approach outside capital providers such as venture capitalists or
1583:
1406:
1190:, in which case the firm's managers are known as managing members. Investors in venture capital funds are known as
1087:
566:
264:(IPO), or disposal of shares happening via a merger, via a sale to another entity such as a financial buyer in the
4711:
3118:
1278:
Although the titles are not entirely uniform from firm to firm, other positions at venture capital firms include:
6680:
6657:
2638:
2559:
2179:
1688:
effectively because they reliably generate future revenue streams or have a good potential for resale in case of
863:
265:
53:
5011:
3772:"A world of difference? The impact of corporate venture capitalists' investment motivation on startup valuation"
2980:
621:
is often credited with the introduction of the term "venture capitalist" that has since become widely accepted.
7184:
7128:
6870:
6154:"Singapore's NRF awards $ 30m to CapitaLand, DeClout, Wilmar, YCH to invest in local startups - DealStreetAsia"
6025:"Trends in Private Equity and Venture Capital Investments with Special Focus on the Booming India Growth Story"
5830:
2816:
2458:
engineer baby he can invest in the infant's first idea. The children respond that they are already looking for
2377:
1618:
Because of the strict requirements venture capitalists have for potential investments, many entrepreneurs seek
1587:
1410:
1091:
570:
809:
in the early 1990s reinvigorated venture capital as investors saw companies with huge potential being formed.
663:
The growth of the venture capital industry was fueled by the emergence of the independent investment firms on
7138:
7108:
2623:
731:
606:
504:(1913–1999) founded J.H. Whitney & Company in 1946. Whitney had been investing since the 1930s, founding
472:
2196:
2002:. This disparity exists across industries and is unaffected by the business cycle or year of establishment.
1830:, venture capital investing reached $ 209.4 billion in 2022, the second-highest investment year in history.
881:
Venture capital funds, which were responsible for much of the fundraising volume in 2000 (the height of the
260:
through an eventual "exit" event, such as the company selling shares to the public for the first time in an
7118:
6875:
6066:
5072:
4523:
1768:
1207:
513:
3590:
3075:
National Venture Capital Association Venture Capital Oral History Project Funded by Charles W. Newhall III
2026:
Many Swiss start-ups are university spin-offs, in particular from its federal institutes of technology in
987:
financing offered in venture capital, that roughly correspond to these stages of a company's development.
445:
Only after 1945 did "true" venture capital investment firms begin to emerge, notably with the founding of
6705:
6700:
6695:
6690:
6685:
3365:
2616:
1706:
Other forms include venture resources that seek to provide non-monetary support to launch a new venture.
866:. By mid-2003, the venture capital industry had shriveled to about half its 2001 capacity. Nevertheless,
133:
121:
101:
85:
69:
5852:
5777:
7441:
7431:
6752:
6245:
4211:"A meta-analysis of the gender gap(s) in venture funding: Funder- and entrepreneur-driven perspectives"
2550:
2528:, venture capitalists ("Sharks") hear entrepreneurs' pitches and select which ones they will invest in.
2035:
911:
and require the extended time frame to harvest, venture capitalists are expected to carry out detailed
601:
One of the first steps toward a professionally managed venture capital industry was the passage of the
361:
4210:
4118:
3089:"Legal Matters: Arthur Rock on the Early Venture Capital Decisions That Sparked Decades of Innovation"
2981:"Development Measures of Institutional Venture Capital in Transition Economies. The Case of Macedonia"
2260:
7436:
7177:
6962:
6912:
6850:
6810:
6757:
3137:
2841:
Article: The New Argonauts, Global Search And Local Institution Building. Author: Saxeninan and Sabel
2668:
2579:
2537:
2241:
2082:
1187:
1143:
894:
774:
450:
5605:"Europe's Venture Capital Scene Is Narrowing The Gap With The US Despite Global Investment Slowdown"
5553:"The scale-up gap: Financial market constraints holding back innovative firms in the European Union"
4500:
3849:
3493:
2045:
over 10 years, about 90% of these start-ups survived the first five critical years, resulting in an
210:
face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an
7426:
7148:
7065:
7060:
6505:
5419:
Quas, Anita; Mason, Colin; Compañó, Ramón; Testa, Giuseppina; Gavigan, James P. (October 1, 2022).
5362:
2716:
2678:
2628:
2308:
1647:
1395:
1076:
874:
times the 1994 level) in 2000 and ranged from 0.164% to 0.182% in 2003 and 2004. The revival of an
626:
3210:
2943:
2166:
is the highest-funded, having raised a total of US$ 1.43 billion since its incorporation in 2012.
923:
are favourable. Venture capitalists typically assist at four stages in the company's development:
833:
in 2000 caused many venture capital firms to fail and financial results in the sector to decline.
765:
either sold off or closed these venture capital units. Additionally, venture capital units within
7446:
7220:
7045:
7040:
6995:
6532:
6444:
6067:"Let's Open the 100 Million Dollar Door | IDG Ventures Vietnam – Official Website"
5662:
4025:
3986:
2648:
2605:
2589:
2366:
1787:
1728:
1693:
1627:
1576:
1491:
1399:
1080:
1032:
916:
699:
capitalists formed the National Venture Capital Association (NVCA). The NVCA was to serve as the
618:
559:
509:
476:
395:
261:
6576:
Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn
5579:"EU is lagging behind US and China in investments in artificial intelligence, says audit report"
482:
Former employees of ARDC went on to establish several prominent venture capital firms including
7289:
7239:
7055:
7020:
6917:
6747:
5393:
5038:
2658:
2162:
is reportedly the highest-valued unicorn in the region with a US$ 3.5 billion price tag, while
1914:
Some notable Australian and New Zealand startup success stories include graphic design company
1838:
billion in the first quarter of 2013, but up from $ 2.6 billion in the fourth quarter of 2012.
867:
676:
529:
487:
223:
206:
start-ups in the hopes that some of the companies they support will become successful. Because
6216:"Singapore's venture capital scene looks set for a 'pretty decent' 2023, investment firm says"
5982:
5950:
5151:"Canva Raises at $ 40 Billion Valuation — itItsounders Are Pledging Away Most of Their Wealth"
3479:
3168:
2319:
to securely share this information with potential investors during the due diligence process.
2303:
process, most venture capitalists will require significant detail with respect to a company's
6972:
6880:
4804:
2312:
2272:
1867:
1335:
1318:
746:
collapsing after the stock market crash in 1987, and foreign corporations, particularly from
521:
501:
411:
4982:"Despite market conditions, 2022 second-highest year on record for Canadian venture capital"
4352:
7279:
7000:
6785:
6662:
6421:
5719:"The performance of Spin-off companies at the Swiss Federal Institute of Technology Zurich"
3652:
2633:
2205:
2050:
1760:
1740:
1670:
1043:
In early stage and growth stage financings, venture-backed companies may also seek to take
700:
630:
6575:
5476:
370:(1939–1945) venture capital was primarily the domain of wealthy individuals and families.
8:
7269:
7244:
7225:
7201:
7075:
6937:
6927:
6845:
6840:
6836:
6790:
4550:"Venture Impact: The Economic Importance of Venture-Backed Companies to the U.S. Economy"
3010:
2985:
International Journal of Academic Research in Accounting, Finance and Management Sciences
2595:
2519:, various startup companies pitch their business plans to a panel of venture capitalists.
2327:
2228:
being the first unicorn exit in the region. Other notable exits include Souq.com exit to
2208:
is the most active ecosystem in the region with 26% of the deals made in H1, followed by
2042:
2006:
1662:
1653:
1474:
1446:
1199:
1139:
1000:
996:
956:
945:
920:
730:
The public successes of the venture capital industry in the 1970s and early 1980s (e.g.,
679:, Kleiner Perkins, Sequoia and later venture capital firms would have access to the many
645:
641:
637:
532:
284:
276:
1665:
models are also being applied specifically for startup funding, such as those listed at
1633:
Furthermore, many venture capital firms will only seriously evaluate an investment in a
7384:
7309:
7264:
7050:
7010:
6947:
6942:
6780:
5453:
5420:
4581:
4238:
4146:
4053:
3415:"VC is performing better than ever. Then why are so few first-time funds being raised?"
3388:
2872:
2798:
2673:
2499:
2163:
1744:
1331:
1314:
1268:
1025:
1015:
859:
684:
387:
257:
252:" round. The first round of institutional venture capital to fund growth is called the
141:
6475:
4524:""Law Firms Offer Discounts, Play Matchmaker," The Wall Street Journal, Sept. 9, 2010"
4117:
Malmström, Malin; Voitkane, Aija; Johansson, Jeaneth; Wincent, Joakim (June 1, 2020).
3985:
Gompers, Paul; Gornall, Will; Kaplan, Steven N.; Strebulaev, Ilya A. (March 1, 2021).
7405:
7299:
7249:
7015:
6742:
6737:
6732:
6647:
6581:
6476:"A Method For Valuing High-Risk, Long-Term Investments: The "Venture Capital Method""
6153:
6036:
5820:
5513:
5458:
5440:
5052:
4618:
4585:
4415:"How the Startup Studio Business Model Is Changing the Startup Economy as We Know It"
4242:
4230:
4150:
4138:
4057:
4045:
3994:
3956:
3816:
3791:
3771:
3748:
3715:
3475:
3174:
2915:
2908:
2876:
2852:
2802:
2790:
1900:
1764:
1272:
1264:
1147:
849:
index peaked at 5,048 in March 2000, reflecting the high point of the dot-com bubble.
782:
483:
423:
419:
399:
379:
375:
317:
5883:"LAUNCHub Ventures heading towards a $ 85M fund for South Eastern European startups"
5339:
1253:
estimate that they will at least want the company to exit for the size of the fund).
1249:
Some prefer operating locally while others will operate nationwide or even globally.
7400:
7379:
7374:
7350:
7324:
7294:
7274:
7234:
7229:
7215:
6855:
6724:
6635:
5448:
5432:
5044:
4843:
4222:
4130:
4037:
3783:
3506:
2966:
2864:
2782:
2482:
2322:
2229:
2070:
1922:, New Zealand payments provider Vend (acquired by Lightspeed), rent-to-buy company
1677:
1634:
1515:
1509:
1183:
1131:
908:
846:
814:
798:
766:
758:
719:
657:
653:
525:
505:
497:
403:
336:
288:
227:
199:
195:
93:
77:
3749:"The interplay of track record and trustworthiness in venture capital fundraising"
3338:
2698:
In 1971, a series of articles entitled "Silicon Valley USA" were published in the
2275:, exchange control and other legislation to ensure that Venture capital succeeds.
1810:
1321:, or a market of particular interest to the strategy of the venture capital firm.
7354:
7334:
7284:
7035:
6957:
6805:
6360:
6337:
5718:
4304:
3535:
3513:
3245:
2699:
2515:
1988:
1732:
1643:
1623:
1514:
Venture capitalists are compensated through a combination of management fees and
1478:
1191:
1135:
933:
692:
672:
668:
649:
407:
272:
242:
219:
207:
5421:"The scale-up finance gap in the EU: Causes, consequences, and policy solutions"
3770:
Röhm, Patrick; Köhn, Andreas; Kuckertz, Andreas; Dehnen, Hermann S. (May 2018).
2503:(2011) chronicled the recent history of American technology venture capitalists.
1696:): a corporate entity that is designed solely for the purpose of the financing.
695:
was the first venture capital firm to open an office on Sand Hill Road in 1972.
430:
in 1916 in Sweden and were early investors in several Swedish companies such as
45:
7319:
7314:
7304:
6860:
6775:
6652:
6612:
6567:
6562:
4848:
4831:
4474:
4226:
4134:
3295:
3281:
3265:
3249:
2703:
2643:
2574:
2542:
2459:
2426:
2292:
2054:
2046:
1999:
1972:
1724:
1685:
1451:
1165:
1151:
1021:
1011:
992:
882:
830:
806:
786:
778:
711:
664:
460:
456:
415:
391:
383:
344:
328:
321:
300:
253:
238:
215:
187:
109:
61:
5436:
4041:
3936:
3787:
7420:
7259:
7254:
6967:
6952:
6932:
6820:
6341:
6306:"Amazon to acquire Souq, a Middle East clone once valued at $ 1B, for $ 650M"
6040:
6024:
5444:
4622:
4234:
4142:
4049:
3998:
3795:
2794:
2786:
2611:
2304:
2300:
1827:
1355:
1211:
984:
968:
964:
927:
912:
680:
332:
256:. Venture capitalists provide this financing in the interest of generating a
231:
113:
1866:
sector closed around 50% of Canada's venture capital deals, 16% were in the
1150:
of third-party investors in enterprises that are too risky for the standard
1130:, is a person who makes capital investments in companies in exchange for an
538:
7080:
7005:
6977:
6922:
6815:
5462:
2663:
2653:
2487:
2431:
2414:
2296:
1862:
corporations incorporated in jurisdictions outside of Canada. In 2022, the
1853:
Canada also has a fairly unusual form of venture capital generation in its
1818:
1657:
1639:
1619:
1489:
The decision process to fund a company is elusive. One study report in the
1467:
1459:
1195:
1179:
1044:
762:
464:
367:
305:
280:
249:
5048:
5012:"Se afianza en México industria de "venture capital" | EL EMPRESARIO"
3528:
3038:
2158:
Moreover, Singapore is home to two of South-East Asia's largest unicorns.
2049:
of more than 43%. Switzerland's most active early-stage investors are The
1656:
is emerging as an alternative to traditional venture capital. Traditional
406:, and the Rockefeller family had vast holdings in a variety of companies.
6865:
6330:
5999:
5477:"The EU in 2021 - General Report on the Activities of the European Union"
5235:"Blackbird targets $ 1b VC fund; Square Peg, AirTree also ready to raise"
2742:
2491:
2121:
2058:
1896:
1689:
1368:
marketing and branding, product development, and strategic partnerships.
614:
517:
435:
427:
371:
6445:"National Public Radio, "Love, Loss and Digital-Age Deception in Hooke""
5183:"CBA backs 'live now, buy later' start-up that will ditch home deposits"
4864:"The Crisis of Venture Capital: Fixing America's Broken Start-Up System"
1771:(SMEs), which in most cases would not qualify for receiving bank loans.
7030:
6800:
5552:
4707:
4471:"Sollertis Strategy - Adventure Capitalist and Consulting Organisation"
3378:
Record Year for Private Equity Fundraising. CFO.com, January 11, 2007.
3122:
2868:
2532:
2524:
2380: in this section. Unsourced material may be challenged and removed.
2039:
2031:
1590: in this section. Unsourced material may be challenged and removed.
1007:
735:
725:
573: in this section. Unsourced material may be challenged and removed.
343:, talent acquisition, strategic partnership, marketing "know-how", and
211:
4085:"Female Founders Raised More VC Funding In 2021, But It's Complicated"
3580:, 8th Edition. Ross, Westerfield, Jaffe. McGraw-Hill publishing, 2008.
3324:
National Science Foundation, “Science and Engineering Indicators–2002″
1031:
Exit of venture capitalist: VCs can exit through secondary sale or an
2584:
2316:
2151:
1915:
1858:
1203:
960:
739:
524:
in 1960. J.H. Whitney & Company continued to make investments in
340:
203:
2465:
Robert von Goeben and Kathryn Siegler produced a comic strip called
2355:
1565:
1384:
1065:
660:
typically representing up to 20% of the profits of the partnership.
648:
to hold investments in which the investment professionals served as
548:
7169:
6093:"4 Reasons Why Singapore Is a Global Hot Spot for Entrepreneurship"
5914:"An Insider's Look at the Venture Capital Landscape in South Korea"
3934:
3073:
Lea, Charles. "Tape 4- Charles Lea". Interview by Charles Rudnick.
2895:
The New Venturers, Inside the High Stakes World of Venture Capital.
2018:
NorthZone (Sweden), Maki.vc (Finland) and ByFounders (Copenhagen).
875:
822:
810:
688:
439:
309:
5337:
3359:
Dow Jones Private Equity Analyst as referenced in Taub, Stephen.
2424:
Drawing on his experience as reporter covering technology for the
2178:
Currently, the rules governing VC firms are being reviewed by the
2100:. The total value of investments of the Polish VC market is worth
1952:
Outside of the 'Big 3', other notable institutional funds include
1786:
VC funding has been shown to be positively related to a country's
7365:
4308:
4269:"2021 All In: Female Founders in the US VC Ecosystem | PitchBook"
4180:"Female Founders Raised Just 2% of Venture Capital Money in 2021"
4116:
3622:"Learn The Five Most Important Terms In A Series A Funding Round"
2910:
Creative Capital: Georges Doriot and the Birth of Venture Capital
2702:, a weekly trade publication, giving rise to the use of the term
2453:
2248:
2213:
2145:
2066:
939:
691:
firms using their devices and programming and service companies.
617:, one of the pioneers of Silicon Valley during his venturing the
491:
202:, or an ownership stake. Venture capitalists take on the risk of
5814:
2295:, information regarding an entrepreneur's business is typically
1802:
1263:
background. Venture capitalists with an operational background (
6630:
6364:
6185:"MAS to simplify rules to attract more VC funds into Singapore"
5155:
4445:"Grow VC launches, aiming to become the Kiva for tech startups"
2221:
2159:
2088:
1892:
1879:
1780:
1500:
women differently and are less likely to fund female founders.
854:
818:
792:
291:
and have not reached the point where they are able to secure a
5944:"Venture Capital & Private Equity in India (October 2007)"
4951:"Venture-capital funding drops sharply in Southern California"
3984:
3472:
Stanford University Graduate School of Business Research Paper
3389:"VCs roared back in 2010, investing the most money since 2007"
3138:"Longtime venture capitalist focuses on the person at the top"
4712:"The gender problem in venture capital is really, really bad"
4611:"Women-Led Startups Received Just 2.3% of VC Funding in 2020"
2209:
2135:
2128:
2053:, investiere.ch, Swiss Founders Fund, as well as a number of
1981:
1904:
1776:
751:
747:
191:
6023:
Sahu, Ritankar; Nath, Ananya; Banerjee, Priyadarshi (2009).
4830:
Gantenbein, Pascal; Kind, Axel; Volonte, Christophe (2019).
2979:
Gerguri, Shqipe; Ramadani, Veland; Ibraimi, Sadudin (2012).
2771:
248:
Typical venture capital investments occur after an initial "
5125:"$ 10 billion flows to Australian start-ups in banner year"
2936:"Who Made America? | Innovators | Georges Doriot"
2225:
1895:
of Australian VC backed startups, with only Looksmart from
1155:
313:
296:
292:
6474:
Sahlman, William A.; Scherlis, Daniel R. (July 24, 1987).
5812:
5686:"Bright sparks! A portrait of entrepreneurial Switzerland"
4832:"Individualism and Venture Capital: A Cross-Country Study"
1169:
Diagram of the structure of a generic venture capital fund
841:
5717:
Oskarsson, Ingvi; Schläpfer, Alexander (September 2008).
3280:
High Tech's Glamour fades for some venture capitalists."
2125:
slash to funding, leaving fledgling VCs in dire straits.
1477:—where all the investors invest with equal terms; or (2)
1239:
Some of the factors that influence VC decisions include:
539:
Early venture capital and the beginning of Silicon Valley
468:
431:
335:
can construct an institution that systematically creates
268:
or via a sale to a trading company such as a competitor.
6501:
4649:"US VC investment in female founders hits all-time high"
4024:
Vazirani, Ashish; Bhattacharjee, Titas (June 29, 2021).
3881:"Sequoia Breaks Free From The 10-Year Cycle - ValueWalk"
3362:"Record Year for Private Equity Fundraising - - CFO.com"
3027:
Small Business Administration Investment Division (SBIC)
2138:
is also starting to develop a venture capital industry (
1756:
size of non-US venture capitalists have been expanding.
5338:
Erika Brown and Claire Cain Miller (February 2, 2007).
3206:
2850:
2554:
parodies startup companies and venture capital culture.
1930:(a house of direct-to-consumer telehealth brands), and
1903:'s Southern Cross VC, but Blackbird is expected to IPO
6611:
6376:
The Economist, "The African century", March 28th 2020.
6029:
Journal of International Commercial Law and Technology
5654:
5313:"Meet the young professionals diving into VC via Zoom"
4775:"International venture funding rose 5 percent in 2008"
3769:
2978:
2741:
Managing Partner, RIII Ventures (September 21, 2017).
718:
relaxed certain restrictions of the ERISA, under the "
394:
were notable investors in private companies. In 1938,
5853:"Romanian – Bulgarian Venture Comparison Report 2020"
5418:
4829:
4743:"UC Davis Study of California Women Business Leaders"
4023:
3906:"How VC Funds Work: Capital Commitments and Closings"
3809:
Gravagna, Nicole; Adams, Peter K. (August 15, 2013).
3337:. Pwcmoneytree.com. February 21, 2007. Archived from
1855:
labour-sponsored venture capital corporations (LSVCC)
1806:
Quarterly U.S. Venture Capital Investments, 1995–2017
1014:
financing rounds. Companies use this capital to find
6578:." Journal of Economic Perspectives, 34 (3): 237–61.
5813:
Krysztofiak-Szopa, Julia; Wisłowska, Monika (2019).
4609:
Bittner, Ashley; Lau, Brigette (February 25, 2021).
4496:
4112:
4110:
3879:
Huang, Kelvin; Malley, Bridget (February 14, 2022).
3173:. Cambridge: Harvard University Press. p. 212.
1473:
From an investor's point of view, funds can be: (1)
1225:
Venture capital funds are generally three in types:
726:
1980s and VC involvement in large American companies
528:
transactions and raised $ 750 million for its sixth
355:
4384:"Primer: Carried Interest in Venture Capital Funds"
4353:"Venture Capital: Financial and Tax Considerations"
2087:As of March 2019, there are 130 active VC firms in
1518:(often referred to as a "two and 20" arrangement):
5716:
5209:"Hungry investors buy into pet food start-up Lyka"
4323:"Primer: Management Fees in Venture Capital Funds"
3529:Cash-strapped entrepreneurs get creative, BBC News
2965:Kirsner, Scott. "Venture capital's grandfather."
2907:
1178:Venture capital firms are typically structured as
1126:A venture capitalist or sometimes simply called a
5816:The Golden Book of Venture Capital in Poland 2019
5740:
4291:
4107:
3524:
3522:
3160:
2817:"Stages of Venture Capital | Silicon Valley Bank"
636:It was also in the 1960s that the common form of
459:, the "father of venture capitalism", along with
7418:
6022:
5014:(in Spanish). Elempresario.mx. August 16, 2012.
3746:
3591:"Series A, B, C, D, and E Funding: How It Works"
2914:. Cambridge, MA: Harvard Business School Press.
2905:
2740:
1848:Scientific Research and Experimental Development
1450:This model was pioneered by successful funds in
6473:
5392:Bank, European Investment (February 28, 2023).
5360:
5287:"Tenacious Ventures closes $ 35m agritech fund"
5036:
4767:
3714:. The Rosen Publishing Group, Inc. p. 16.
2189:
1864:Information and Communications Technology (ICT)
1727:'s Diana Report found that the number of women
1003:is also emerging as an option for seed funding.
6000:"Venture Capital:An Impetus to Indian Economy"
5677:
5509:EIB Investment Report 2023/2024 - Key Findings
5506:Bank, European Investment (February 7, 2024).
3519:
3470:"How Do Venture Capitalists Make Decisions?".
3039:"SBA Small Business Investment CompanyProgram"
2541:had participation from venture capitalists in
1926:, and direct-to-consumer propositions such as
1484:
754:, flooded early-stage companies with capital.
316:are highly valued startups, commonly known as
7185:
6597:
6528:"Comic Book Pokes Fun at Venture Capitalists"
5976:"Venture Capital And Private Equity in India"
5261:"Start-up Zoom club turns into $ 10m VC fund"
3808:
2601:History of private equity and venture capital
2441:Great, detailed work on VC method of funding.
2251:joined 62 other Israeli firms on the Nasdaq.
821:in 1995. All were funded by venture capital.
494:after having invested in over 150 companies.
447:American Research and Development Corporation
160:
7099:Private equity and venture capital investors
6276:"Careem proves unicorns grow in deserts too"
4667:
4412:
3961:: CS1 maint: multiple names: authors list (
3935:Testa, Hurwitz & Thibeault, LLP (2004).
3850:"How Much Money Does Your New Venture Need?"
2057:clubs. In 2022, half of the total amount of
1885:
1759:Venture capital has been used as a tool for
1673:of many VC funds have been low or negative.
836:
802:4 billion more than a decade later in 1994.
793:Venture capital boom and the Internet Bubble
5748:"Most active Early Stage Investors in 2013"
5630:"Policy Update: The EU Green Deal's Legacy"
5037:Marshall, Dr Larry; Daroczy, Jenna (2023).
4894:"Q4 2022 venture capital investment trends"
3878:
3549:"Q3 2022 venture capital investment trends"
3494:"The Venture Capital Lifecycle - PitchBook"
2333:
2286:
1750:
1413:. Unsourced material may be challenged and
1094:. Unsourced material may be challenged and
605:. The 1958 Act officially allowed the U.S.
327:Venture capital is also a way in which the
7192:
7178:
7134:
7114:
7071:Taxation of private equity and hedge funds
6888:Private investment in public equity (PIPE)
6604:
6590:
4681:. Women Entrepreneurs 2014. Archived from
4608:
3296:"Heat Death: Venture Capital in the 1980s"
3233:
3231:
3229:
1937:In 2022, the largest Australian funds are
1006:Early Stage: Early stage funding includes
999:, and sometimes by venture capital funds.
167:
153:
6124:"Tech behind record PE, VC deals in 2016"
5452:
5367:European Commission - European Commission
4847:
4734:
4413:Kronenberger, Craig (February 23, 2021).
2592:—a type of venture capital fund in the UK
2396:Learn how and when to remove this message
2261:Economy of Africa § Entrepreneurship
1606:Learn how and when to remove this message
1466:amount) of the fund has been raised. The
1433:Learn how and when to remove this message
1374:
1246:Some invest solely in certain industries.
1114:Learn how and when to remove this message
975:find it easier to raise venture capital.
589:Learn how and when to remove this message
6418:"Salon.com, "How Greedy Was My Valley?""
5710:
4948:
4916:
4552:. National Venture Capital Association.
4447:. Eu.techcrunch.com. February 15, 2010.
3987:"How Venture Capitalists Make Decisions"
3847:
3759:from the original on September 27, 2015.
3650:
3166:
3087:School, Stanford Law (January 5, 2023).
2747:Rutchik Sources and Selects the Startups
1817:
1809:
1801:
1164:
1138:vehicle (in the United States, often an
840:
508:in 1933 and acquiring a 15% interest in
6574:Lerner, Josh, and Ramana Nanda. 2020. "
6397:from the original on September 25, 2014
6391:U.S. Securities and Exchange Commission
6012:from the original on November 24, 2011.
5770:
5547:
5545:
5543:
5541:
5400:from the original on September 23, 2023
5373:from the original on September 30, 2020
5163:from the original on September 20, 2021
4700:
3421:from the original on September 17, 2021
3395:from the original on September 17, 2021
3293:
3226:
3135:
2853:"The Study of Bias in Entrepreneurship"
2340:U.S. Securities and Exchange Commission
708:Employee Retirement Income Security Act
442:in the first half of the 20th century.
414:in 1938, which would ultimately become
14:
7419:
6286:from the original on December 25, 2019
6213:
6195:from the original on February 13, 2017
6122:Cheok, Jacquelyn (December 13, 2016).
5794:from the original on February 28, 2023
5683:
5526:from the original on February 28, 2024
4992:from the original on December 31, 2023
4979:
4904:from the original on February 11, 2023
4722:from the original on February 10, 2016
4521:
4381:
4320:
4215:Journal of Business Venturing Insights
4208:
4123:Journal of Business Venturing Insights
3632:from the original on February 17, 2023
3601:from the original on February 17, 2023
3559:from the original on February 11, 2023
3451:from the original on February 11, 2023
3207:"National Venture Capital Association"
3086:
3036:
3017:from the original on December 18, 2010
2883:from the original on December 8, 2015.
2197:H1 2019 MENA Venture Investment Report
629:and Franklin P. Johnson, Jr. In 1965,
7173:
6585:
6256:from the original on October 18, 2023
6226:from the original on October 18, 2023
6134:from the original on October 12, 2017
6121:
5924:from the original on November 3, 2023
5833:from the original on January 23, 2020
5728:from the original on February 2, 2014
5665:from the original on January 28, 2021
5097:
4980:Mandel, Charles (February 22, 2023).
4811:from the original on January 20, 2012
4740:
4673:
4629:from the original on October 26, 2021
4530:from the original on January 15, 2015
4503:from the original on February 9, 2010
4333:from the original on January 24, 2022
4279:from the original on January 28, 2022
4174:
4172:
4095:from the original on January 28, 2022
4082:
4064:from the original on January 28, 2022
4005:from the original on January 28, 2022
3980:
3978:
3976:
3974:
3972:
3943:from the original on January 21, 2022
3860:from the original on December 9, 2020
3747:Andreas Kuckertz (December 1, 2015).
3663:from the original on January 26, 2022
3099:from the original on January 28, 2023
3055:from the original on February 7, 2020
2753:from the original on October 18, 2023
2345:
2254:
2069:sectors, whereas 21% was invested in
1718:
1709:
1055:
603:Small Business Investment Act of 1958
7199:
6214:Chiang, Sheila (December 30, 2022).
6182:
6164:from the original on August 13, 2016
5911:
5538:
5505:
5391:
5385:
5350:from the original on August 7, 2017.
4706:
4382:Silber, Jordan (December 16, 2019).
4363:from the original on August 10, 2022
4249:from the original on October 5, 2023
4157:from the original on October 5, 2023
3848:Stancill, James Mcneill (May 1986).
3707:
3619:
3187:from the original on October 5, 2023
2857:Entrepreneurship Theory and Practice
2775:Entrepreneurship Theory and Practice
2378:adding citations to reliable sources
2349:
1667:Comparison of crowd funding services
1588:adding citations to reliable sources
1559:
1411:adding citations to reliable sources
1378:
1092:adding citations to reliable sources
1059:
652:and the investors, who were passive
571:adding citations to reliable sources
542:
398:helped finance the creation of both
6571:, 30 November 2020, pp. 38–47.
6508:from the original on April 11, 2012
6482:from the original on March 31, 2018
6442:
6415:
6183:Boon, Rachael (November 11, 2016).
6073:from the original on March 22, 2012
6047:from the original on April 28, 2024
5893:from the original on April 14, 2021
5863:from the original on April 14, 2021
5778:"Swiss Venture Capital Report 2023"
5487:from the original on March 15, 2023
4949:Hamilton, Walter (April 18, 2013).
4598:from the original on June 30, 2014.
4522:Austin, Scott (September 9, 2010).
4425:from the original on April 28, 2021
3916:from the original on March 31, 2022
3829:from the original on April 28, 2024
3728:from the original on April 28, 2024
3651:Mitchell, Cory (October 28, 2020).
3306:from the original on April 28, 2020
3144:. Silicon Valley Business Journal.
3037:Dilger, Robert J. (April 4, 2019).
2522:In the ABC reality television show
2012:
978:
24:
6556:
6540:from the original on June 12, 2012
6455:from the original on July 12, 2012
6331:What next for the start-up nation?
6103:from the original on June 16, 2019
5912:Coos, Andrada (January 27, 2023).
5758:from the original on June 19, 2015
5319:from the original on June 21, 2022
5293:from the original on June 21, 2022
5267:from the original on June 21, 2022
5241:from the original on June 21, 2022
5215:from the original on June 21, 2022
5189:from the original on June 21, 2022
5131:from the original on June 21, 2022
5098:Jones, Donovan (October 2, 2016).
4961:from the original on June 16, 2013
4874:from the original on June 17, 2021
4785:from the original on July 14, 2012
4755:from the original on April 2, 2015
4556:from the original on June 30, 2014
4394:from the original on April 9, 2022
4321:Silber, Jordan (January 2, 2020).
4298:Private equity industry dictionary
4190:from the original on March 3, 2022
4169:
3969:
3294:Neumann, Jerry (January 8, 2015).
3213:from the original on July 30, 2008
3148:from the original on March 8, 2023
2172:National Research Foundation (NRF)
2061:4 billion investments went to the
1814:Venture capital investment by area
1684:In industries where assets can be
1050:
771:Continental Illinois National Bank
25:
7458:
5684:Wagner, Steffen (June 20, 2011).
5602:
5576:
5018:from the original on May 12, 2013
4451:from the original on May 30, 2012
3136:Riddell, Lindsay (May 27, 2007).
356:Origins of modern venture capital
7154:
7153:
7144:
7143:
7133:
7124:
7123:
7113:
7104:
7103:
7094:
7093:
6520:
6494:
6467:
6436:
6409:
6379:
6370:
6347:
6324:
6298:
6268:
6238:
6207:
6176:
6146:
6115:
6085:
6059:
6016:
5992:
5968:
5936:
5905:
5875:
5845:
5806:
5698:from the original on May 2, 2013
5647:
5622:
5596:
5570:
4930:from the original on May 5, 2012
2851:S.X. Zhang and J. Cueto (2015).
2507:
2354:
2299:and proprietary. As part of the
2224:'s $ 3.1 billion acquisition by
1878:The Venture Capital industry in
1797:
1564:
1383:
1064:
547:
44:
27:Form of private-equity financing
6420:. Dir.salon.com. Archived from
6246:"Taking Deep Tech to the World"
5499:
5469:
5412:
5354:
5331:
5305:
5279:
5253:
5227:
5201:
5175:
5143:
5117:
5091:
5065:
5030:
5004:
4973:
4942:
4886:
4856:
4836:Management International Review
4823:
4797:
4641:
4602:
4568:
4542:
4515:
4489:
4463:
4437:
4406:
4375:
4345:
4314:
4261:
4202:
4076:
4030:The Journal of Entrepreneurship
4017:
3928:
3898:
3872:
3841:
3802:
3763:
3740:
3701:
3675:
3644:
3613:
3583:
3571:
3541:
3500:
3486:
3463:
3433:
3407:
3381:
3353:
3327:
3318:
3287:
3271:
3255:
3239:Venture Capital Loses Its Vigor
3199:
3129:
3111:
3080:
3067:
3030:
3011:"Small Business Administration"
3003:
2972:
2959:
2709:
2692:
2639:Private equity secondary market
2365:needs additional citations for
2180:Monetary Authority of Singapore
1822:Venture capital by state (2016)
1575:needs additional citations for
1555:
1503:
640:, still in use today, emerged.
558:needs additional citations for
266:private equity secondary market
190:financing provided by firms or
96:and the venture capital bubble)
6871:Publicly traded private equity
6354:Israel's Wix Reveals IPO Plans
5073:"LookSmart takes the big leap"
4311:Alternative Investment Program
3708:Ryan, Phillip (July 1, 2012).
3046:Congressional Research Service
2950:
2928:
2899:
2887:
2844:
2835:
2809:
2765:
2734:
2034:. According to a study by the
2021:
1918:, financial services provider
13:
1:
7139:List of venture capital firms
5340:"Technology's Top Dealmakers"
4209:Geiger, Mark (June 1, 2020).
3776:Journal of Business Economics
3685:. Bootlaw.com. Archived from
3264:PROSPECTS; Venture Capital."
2727:
2624:List of venture capital firms
2328:limited partnership agreement
2204:According to the report, the
1975:, both of whom were named on
1146:) that primarily invests the
983:There are multiple stages of
732:Digital Equipment Corporation
607:Small Business Administration
520:orange juice and was sold to
473:Digital Equipment Corporation
7119:List of private equity firms
6876:Business Development Company
5512:. European Investment Bank.
4926:. Nvca.org. March 31, 2012.
4924:"Recent Stats & Studies"
3507:Investment philosophy of VCs
2715:The "prudent man rule" is a
2445:
2190:Middle East and North Africa
1899:'s fund, and Quantenna from
1769:small and medium enterprises
1173:
1024:: Once companies have found
888:
514:Cornelius Vanderbilt Whitney
500:(1904–1982) and his partner
7:
5425:European Management Journal
5077:Australian Financial Review
3812:Venture Capital For Dummies
3445:Corporate Finance Institute
2617:International joint venture
2567:
2408:
2232:in 2017 for $ 650 million.
2107:
1646:. This practice is called "
1485:Investment Decision Process
1188:limited liability companies
781:began to transition toward
418:, with investments in both
299:. In exchange for the high
10:
7463:
6963:High-net-worth individuals
6753:Leveraged recapitalization
5819:. Warsaw: Startup Poland.
5634:www.cleantechforeurope.com
5394:"Innovation overview 2023"
4849:10.1007/s11575-019-00394-7
4227:10.1016/j.jbvi.2020.e00167
4135:10.1016/j.jbvi.2019.e00154
2474:
2315:. Startups commonly use a
2258:
2239:
2080:
2036:London School of Economics
1934:(a pet wellness company).
1507:
1351:Entrepreneur-in-residence
892:
817:were founded in 1994, and
775:J.H. Whitney & Company
451:J.H. Whitney & Company
362:History of venture capital
359:
350:
324:and marketing strategies.
7393:
7364:
7343:
7208:
7089:
6986:
6905:
6851:Limited liability company
6829:
6811:Venture capital financing
6766:
6758:Dividend recapitalization
6723:
6714:
6671:
6623:
5437:10.1016/j.emj.2022.08.003
4042:10.1177/09713557211025654
3815:. John Wiley & Sons.
3788:10.1007/s11573-017-0857-5
3711:How Venture Capital Works
3244:October 27, 2020, at the
2906:Ante, Spencer E. (2008).
2669:Venture capital financing
2580:Corporate venture capital
2538:Start-Ups: Silicon Valley
2309:Non Disclosure Agreements
2242:Venture capital in Israel
2235:
2083:Venture capital in Poland
2076:
1966:
1886:Australia and New Zealand
1873:
1841:
1790:. According to economist
895:Venture capital financing
837:2001 Private equity crash
477:annualized rate of return
422:and venture capital. The
36:History of private equity
6490:– via www.hbs.edu.
5787:. JNB Journalistenbüro.
5557:European Investment Bank
4868:American Affairs Journal
4497:"Grow Venture Community"
2787:10.1177/1042258717721482
2717:fiduciary responsibility
2685:
2679:Women in venture capital
2629:Mergers and acquisitions
2334:Governmental regulations
2287:Confidential information
1751:Geographical differences
1292:General Partners or GPs
1257:
1217:
907:Because investments are
714:companies. In 1978, the
627:William Henry Draper III
218:and they are often from
7221:Accumulation of capital
6918:Institutional investors
6533:San Francisco Chronicle
6069:. IDG Venture Vietnam.
5040:Invention to Innovation
4741:Ellis, Katrina (2006).
4674:Brush, Candida (2014).
4615:Harvard Business Review
4357:archives.cpajournal.com
3991:Harvard Business Review
3854:Harvard Business Review
3170:VC: An American History
2649:Revenue-based financing
2606:Initial public offering
2590:Enterprise Capital Fund
2116:
1788:individualistic culture
1694:special purpose vehicle
1628:revenue-based financing
1492:Harvard Business Review
1033:initial public offering
868:PricewaterhouseCoopers'
683:companies based in the
619:Fairchild Semiconductor
510:Technicolor Corporation
396:Laurance S. Rockefeller
262:initial public offering
7056:Liquidation preference
7021:Distribution waterfall
6973:Sovereign wealth funds
6359:July 29, 2017, at the
6336:July 25, 2017, at the
6158:www.dealstreetasia.com
3512:June 12, 2008, at the
3167:Nicholas, Tom (2019).
2659:Social venture capital
2531:The short-lived Bravo
1823:
1815:
1807:
1375:Structure of the funds
1170:
850:
677:Menlo Park, California
488:Charles River Ventures
412:E.M. Warburg & Co.
224:information technology
7129:Venture capital firms
6881:Venture capital trust
6536:. December 20, 1999.
5583:www.brusselstimes.com
5577:Times, The Brussels.
5361:European Commission.
5237:. November 25, 2021.
5127:. February 28, 2022.
5049:10.1071/9781486316380
4870:. February 20, 2021.
4781:. February 18, 2009.
3937:"Investments in LLCs"
3534:May 21, 2010, at the
3441:"Venture Capitalists"
3077:. September 18, 2008.
2490:) and John Beckwith (
2486:(2005), Jeremy Grey (
2313:intellectual property
2273:intellectual property
1821:
1813:
1805:
1676:In Europe and India,
1447:venture capital funds
1336:management consulting
1319:management consulting
1168:
845:The technology-heavy
844:
522:The Coca-Cola Company
467:(former president of
212:innovative technology
18:Venture capital funds
7109:Private equity firms
6837:Private equity firms
6786:Post-money valuation
6663:Equity co-investment
6502:"The VC Comic Strip"
6252:. December 6, 2016.
6128:businesstimes.com.sg
6099:. October 15, 2015.
5988:on January 11, 2012.
5185:. February 3, 2022.
5043:. CSIRO Publishing.
4477:on December 29, 2014
4303:May 5, 2008, at the
4186:. January 11, 2022.
3912:. November 8, 2010.
3391:. January 21, 2011.
2946:on December 8, 2012.
2634:Platform cooperative
2374:improve this article
2051:Zurich Cantonal Bank
1761:economic development
1671:return on investment
1584:improve this article
1407:improve this section
1200:financial endowments
1088:improve this section
997:startup accelerators
957:capital requirements
829:The bursting of the
701:industry trade group
675:in 1972. Located in
646:limited partnerships
642:Private-equity firms
631:Sutter Hill Ventures
567:improve this article
222:industries, such as
7159:Portfolio companies
7076:Undercapitalization
6928:Insurance companies
6846:Limited partnership
6791:Pre-money valuation
5956:on January 11, 2012
5263:. August 16, 2021.
4688:on January 22, 2016
4584:. 2009. p. 2.
3284:, February 6, 1987.
3277:LUECK, THOMAS J. "
3237:POLLACK, ANDREW. "
3125:on October 2, 2011.
3093:Stanford Law School
2596:Equity crowdfunding
2560:Halt and Catch Fire
2434:produced the novel
2007:European Green Deal
1741:portfolio companies
1663:equity crowdfunding
1654:Equity crowdfunding
1001:Equity crowdfunding
716:US Labor Department
638:private-equity fund
533:private-equity fund
277:equity crowdfunding
60:(origins of modern
38:and venture capital
7394:Marxist historical
7011:Capital commitment
6781:Business incubator
6748:Buy–sell agreement
6416:Liedtke, Michael.
6367:, October 23, 2013
6344:, January 21, 2012
6282:. March 27, 2019.
5754:. March 21, 2014.
5691:. Swiss Business.
5315:. March 15, 2021.
4710:(March 20, 2015).
4655:. December 9, 2019
4582:IHS Global Insight
4526:. Online.wsj.com.
3653:"Bridge Financing"
3335:"MoneyTree Survey"
3261:Kurtzman, Joel. "
3252:, October 8, 1989.
3119:"www.draperco.com"
2869:10.1111/etap.12212
2674:Venture capitalist
2500:Something Ventured
2346:In popular culture
2255:Sub-Saharan Africa
2047:average annual IRR
1954:AfterWork Ventures
1943:Square Peg Capital
1939:Blackbird Ventures
1824:
1816:
1808:
1719:Gender disparities
1710:Role in employment
1332:investment banking
1315:investment banking
1269:investment banking
1229:1. Angel investors
1171:
1056:Venture capitalist
1026:product-market fit
1016:product-market fit
851:
805:The advent of the
685:Santa Clara Valley
142:COVID-19 recession
7442:Equity securities
7432:Corporate finance
7414:
7413:
7406:Financial capital
7167:
7166:
7016:Capital structure
6901:
6900:
6743:Divisional buyout
6738:Management buyout
6733:Financial sponsor
6189:The Straits Times
5859:. April 5, 2021.
5826:978-83-948788-6-3
5519:978-92-861-5741-7
5058:978-1-4863-1638-0
4955:Los Angeles Times
4591:978-0-9785015-7-0
4083:Michelson, Joan.
3910:The Venture Alley
3885:www.valuewalk.com
3822:978-1-118-78470-9
3721:978-1-4488-6795-0
3689:on April 20, 2012
3578:Corporate Finance
3268:, March 27, 1988.
2921:978-1-4221-0122-3
2823:. August 27, 2021
2513:In the TV series
2460:mezzanine funding
2406:
2405:
2398:
1765:access to finance
1616:
1615:
1608:
1549:
1548:
1541:Carried interest
1443:
1442:
1435:
1372:
1371:
1300:Venture partners
1273:corporate finance
1265:operating partner
1210:vehicles, called
1208:pooled investment
1148:financial capital
1136:pooled investment
1124:
1123:
1116:
783:leveraged buyouts
687:as well as early
667:, beginning with
599:
598:
591:
484:Greylock Partners
479:of 101% to ARDC.
424:Wallenberg family
420:leveraged buyouts
400:Eastern Air Lines
337:business networks
177:
176:
16:(Redirected from
7454:
7437:Entrepreneurship
7194:
7187:
7180:
7171:
7170:
7157:
7156:
7147:
7146:
7137:
7136:
7127:
7126:
7117:
7116:
7107:
7106:
7097:
7096:
6958:Commercial banks
6948:Investment banks
6856:Carried interest
6721:
6720:
6624:Investment types
6606:
6599:
6592:
6583:
6582:
6550:
6549:
6547:
6545:
6524:
6518:
6517:
6515:
6513:
6498:
6492:
6491:
6489:
6487:
6471:
6465:
6464:
6462:
6460:
6440:
6434:
6433:
6431:
6429:
6413:
6407:
6406:
6404:
6402:
6383:
6377:
6374:
6368:
6351:
6345:
6328:
6322:
6321:
6319:
6317:
6312:. March 23, 2017
6302:
6296:
6295:
6293:
6291:
6272:
6266:
6265:
6263:
6261:
6242:
6236:
6235:
6233:
6231:
6211:
6205:
6204:
6202:
6200:
6180:
6174:
6173:
6171:
6169:
6150:
6144:
6143:
6141:
6139:
6119:
6113:
6112:
6110:
6108:
6089:
6083:
6082:
6080:
6078:
6063:
6057:
6056:
6054:
6052:
6020:
6014:
6013:
6011:
6004:
5996:
5990:
5989:
5987:
5981:. Archived from
5980:
5972:
5966:
5965:
5963:
5961:
5955:
5949:. Archived from
5948:
5940:
5934:
5933:
5931:
5929:
5909:
5903:
5902:
5900:
5898:
5879:
5873:
5872:
5870:
5868:
5849:
5843:
5842:
5840:
5838:
5810:
5804:
5803:
5801:
5799:
5793:
5785:startupticker.ch
5782:
5774:
5768:
5767:
5765:
5763:
5752:Startupticker.ch
5744:
5738:
5737:
5735:
5733:
5724:. ETH transfer.
5723:
5714:
5708:
5707:
5705:
5703:
5697:
5690:
5681:
5675:
5674:
5672:
5670:
5651:
5645:
5644:
5642:
5640:
5626:
5620:
5619:
5617:
5615:
5603:Smith, Craig S.
5600:
5594:
5593:
5591:
5589:
5574:
5568:
5567:
5565:
5563:
5549:
5536:
5535:
5533:
5531:
5503:
5497:
5496:
5494:
5492:
5473:
5467:
5466:
5456:
5416:
5410:
5409:
5407:
5405:
5389:
5383:
5382:
5380:
5378:
5358:
5352:
5351:
5335:
5329:
5328:
5326:
5324:
5309:
5303:
5302:
5300:
5298:
5289:. May 31, 2021.
5283:
5277:
5276:
5274:
5272:
5257:
5251:
5250:
5248:
5246:
5231:
5225:
5224:
5222:
5220:
5211:. July 5, 2021.
5205:
5199:
5198:
5196:
5194:
5179:
5173:
5172:
5170:
5168:
5147:
5141:
5140:
5138:
5136:
5121:
5115:
5114:
5112:
5110:
5104:seekingalpha.com
5095:
5089:
5088:
5086:
5084:
5069:
5063:
5062:
5034:
5028:
5027:
5025:
5023:
5008:
5002:
5001:
4999:
4997:
4977:
4971:
4970:
4968:
4966:
4946:
4940:
4939:
4937:
4935:
4920:
4914:
4913:
4911:
4909:
4890:
4884:
4883:
4881:
4879:
4860:
4854:
4853:
4851:
4827:
4821:
4820:
4818:
4816:
4807:. Briskfox.com.
4801:
4795:
4794:
4792:
4790:
4771:
4765:
4764:
4762:
4760:
4754:
4747:
4738:
4732:
4731:
4729:
4727:
4704:
4698:
4697:
4695:
4693:
4687:
4680:
4671:
4665:
4664:
4662:
4660:
4645:
4639:
4638:
4636:
4634:
4606:
4600:
4599:
4572:
4566:
4565:
4563:
4561:
4546:
4540:
4539:
4537:
4535:
4519:
4513:
4512:
4510:
4508:
4493:
4487:
4486:
4484:
4482:
4473:. Archived from
4467:
4461:
4460:
4458:
4456:
4441:
4435:
4434:
4432:
4430:
4410:
4404:
4403:
4401:
4399:
4379:
4373:
4372:
4370:
4368:
4349:
4343:
4342:
4340:
4338:
4318:
4312:
4295:
4289:
4288:
4286:
4284:
4265:
4259:
4258:
4256:
4254:
4206:
4200:
4199:
4197:
4195:
4176:
4167:
4166:
4164:
4162:
4114:
4105:
4104:
4102:
4100:
4080:
4074:
4073:
4071:
4069:
4021:
4015:
4014:
4012:
4010:
3982:
3967:
3966:
3960:
3952:
3950:
3948:
3932:
3926:
3925:
3923:
3921:
3902:
3896:
3895:
3893:
3891:
3876:
3870:
3869:
3867:
3865:
3845:
3839:
3838:
3836:
3834:
3806:
3800:
3799:
3782:(3–4): 531–557.
3767:
3761:
3760:
3744:
3738:
3737:
3735:
3733:
3705:
3699:
3698:
3696:
3694:
3679:
3673:
3672:
3670:
3668:
3648:
3642:
3641:
3639:
3637:
3620:Westaway, Kyle.
3617:
3611:
3610:
3608:
3606:
3595:www.startups.com
3587:
3581:
3575:
3569:
3568:
3566:
3564:
3545:
3539:
3526:
3517:
3504:
3498:
3497:
3490:
3484:
3483:
3467:
3461:
3460:
3458:
3456:
3437:
3431:
3430:
3428:
3426:
3411:
3405:
3404:
3402:
3400:
3385:
3379:
3377:
3375:
3373:
3368:on June 14, 2011
3364:. Archived from
3357:
3351:
3350:
3348:
3346:
3341:on June 14, 2007
3331:
3325:
3322:
3316:
3315:
3313:
3311:
3291:
3285:
3275:
3269:
3259:
3253:
3235:
3224:
3222:
3220:
3218:
3203:
3197:
3196:
3194:
3192:
3164:
3158:
3157:
3155:
3153:
3133:
3127:
3126:
3121:. Archived from
3115:
3109:
3108:
3106:
3104:
3084:
3078:
3071:
3065:
3064:
3062:
3060:
3054:
3043:
3034:
3028:
3026:
3024:
3022:
3007:
3001:
3000:
2998:
2996:
2976:
2970:
2969:, April 6, 2008.
2967:The Boston Globe
2963:
2957:
2954:
2948:
2947:
2942:. Archived from
2932:
2926:
2925:
2913:
2903:
2897:
2891:
2885:
2884:
2848:
2842:
2839:
2833:
2832:
2830:
2828:
2813:
2807:
2806:
2769:
2763:
2762:
2760:
2758:
2738:
2721:
2713:
2707:
2696:
2497:The documentary
2483:Wedding Crashers
2401:
2394:
2390:
2387:
2381:
2358:
2350:
2323:Limited partners
2293:public companies
2103:
2099:
2095:
2013:Nordic countries
1947:Airtree Ventures
1733:chief executives
1678:Media for equity
1635:start-up company
1611:
1604:
1600:
1597:
1591:
1568:
1560:
1532:Management fees
1521:
1520:
1516:carried interest
1510:Carried interest
1438:
1431:
1427:
1424:
1418:
1387:
1379:
1281:
1280:
1235:3. Strategic VCs
1232:2. Financial VCs
1192:limited partners
1184:general partners
1119:
1112:
1108:
1105:
1099:
1068:
1060:
979:Financing stages
864:secondary market
847:NASDAQ Composite
815:Amazon (company)
799:leveraged buyout
759:General Electric
720:prudent man rule
658:carried interest
654:limited partners
594:
587:
583:
580:
574:
551:
543:
526:leveraged buyout
512:with his cousin
506:Pioneer Pictures
498:John Hay Whitney
404:Douglas Aircraft
228:clean technology
169:
162:
155:
94:leveraged buyout
78:leveraged buyout
48:
32:
31:
21:
7462:
7461:
7457:
7456:
7455:
7453:
7452:
7451:
7427:Venture capital
7417:
7416:
7415:
7410:
7389:
7360:
7339:
7204:
7198:
7168:
7163:
7149:Angel investors
7085:
7036:High-yield debt
6989:financial terms
6988:
6982:
6897:
6825:
6806:Startup company
6762:
6716:
6710:
6667:
6619:
6617:venture capital
6610:
6563:Duhigg, Charles
6559:
6557:Further reading
6554:
6553:
6543:
6541:
6526:
6525:
6521:
6511:
6509:
6500:
6499:
6495:
6485:
6483:
6472:
6468:
6458:
6456:
6443:Richtel, Matt.
6441:
6437:
6427:
6425:
6424:on May 31, 2010
6414:
6410:
6400:
6398:
6385:
6384:
6380:
6375:
6371:
6361:Wayback Machine
6352:
6348:
6338:Wayback Machine
6329:
6325:
6315:
6313:
6304:
6303:
6299:
6289:
6287:
6274:
6273:
6269:
6259:
6257:
6250:www.tech.gov.sg
6244:
6243:
6239:
6229:
6227:
6212:
6208:
6198:
6196:
6181:
6177:
6167:
6165:
6152:
6151:
6147:
6137:
6135:
6120:
6116:
6106:
6104:
6091:
6090:
6086:
6076:
6074:
6065:
6064:
6060:
6050:
6048:
6021:
6017:
6009:
6002:
5998:
5997:
5993:
5985:
5978:
5974:
5973:
5969:
5959:
5957:
5953:
5946:
5942:
5941:
5937:
5927:
5925:
5910:
5906:
5896:
5894:
5881:
5880:
5876:
5866:
5864:
5851:
5850:
5846:
5836:
5834:
5827:
5811:
5807:
5797:
5795:
5791:
5780:
5776:
5775:
5771:
5761:
5759:
5746:
5745:
5741:
5731:
5729:
5721:
5715:
5711:
5701:
5699:
5695:
5688:
5682:
5678:
5668:
5666:
5653:
5652:
5648:
5638:
5636:
5628:
5627:
5623:
5613:
5611:
5601:
5597:
5587:
5585:
5575:
5571:
5561:
5559:
5551:
5550:
5539:
5529:
5527:
5520:
5504:
5500:
5490:
5488:
5475:
5474:
5470:
5417:
5413:
5403:
5401:
5390:
5386:
5376:
5374:
5359:
5355:
5336:
5332:
5322:
5320:
5311:
5310:
5306:
5296:
5294:
5285:
5284:
5280:
5270:
5268:
5259:
5258:
5254:
5244:
5242:
5233:
5232:
5228:
5218:
5216:
5207:
5206:
5202:
5192:
5190:
5181:
5180:
5176:
5166:
5164:
5149:
5148:
5144:
5134:
5132:
5123:
5122:
5118:
5108:
5106:
5096:
5092:
5082:
5080:
5079:. June 16, 1999
5071:
5070:
5066:
5059:
5035:
5031:
5021:
5019:
5010:
5009:
5005:
4995:
4993:
4978:
4974:
4964:
4962:
4947:
4943:
4933:
4931:
4922:
4921:
4917:
4907:
4905:
4892:
4891:
4887:
4877:
4875:
4862:
4861:
4857:
4828:
4824:
4814:
4812:
4803:
4802:
4798:
4788:
4786:
4773:
4772:
4768:
4758:
4756:
4752:
4745:
4739:
4735:
4725:
4723:
4705:
4701:
4691:
4689:
4685:
4678:
4672:
4668:
4658:
4656:
4647:
4646:
4642:
4632:
4630:
4607:
4603:
4592:
4574:
4573:
4569:
4559:
4557:
4548:
4547:
4543:
4533:
4531:
4520:
4516:
4506:
4504:
4495:
4494:
4490:
4480:
4478:
4469:
4468:
4464:
4454:
4452:
4443:
4442:
4438:
4428:
4426:
4411:
4407:
4397:
4395:
4380:
4376:
4366:
4364:
4351:
4350:
4346:
4336:
4334:
4319:
4315:
4305:Wayback Machine
4296:
4292:
4282:
4280:
4267:
4266:
4262:
4252:
4250:
4207:
4203:
4193:
4191:
4178:
4177:
4170:
4160:
4158:
4115:
4108:
4098:
4096:
4081:
4077:
4067:
4065:
4022:
4018:
4008:
4006:
3983:
3970:
3954:
3953:
3946:
3944:
3933:
3929:
3919:
3917:
3904:
3903:
3899:
3889:
3887:
3877:
3873:
3863:
3861:
3846:
3842:
3832:
3830:
3823:
3807:
3803:
3768:
3764:
3745:
3741:
3731:
3729:
3722:
3706:
3702:
3692:
3690:
3681:
3680:
3676:
3666:
3664:
3649:
3645:
3635:
3633:
3618:
3614:
3604:
3602:
3589:
3588:
3584:
3576:
3572:
3562:
3560:
3547:
3546:
3542:
3536:Wayback Machine
3527:
3520:
3514:Wayback Machine
3505:
3501:
3492:
3491:
3487:
3469:
3468:
3464:
3454:
3452:
3439:
3438:
3434:
3424:
3422:
3413:
3412:
3408:
3398:
3396:
3387:
3386:
3382:
3371:
3369:
3360:
3358:
3354:
3344:
3342:
3333:
3332:
3328:
3323:
3319:
3309:
3307:
3292:
3288:
3276:
3272:
3260:
3256:
3246:Wayback Machine
3236:
3227:
3216:
3214:
3205:
3204:
3200:
3190:
3188:
3181:
3165:
3161:
3151:
3149:
3142:bizjournals.com
3134:
3130:
3117:
3116:
3112:
3102:
3100:
3085:
3081:
3072:
3068:
3058:
3056:
3052:
3041:
3035:
3031:
3020:
3018:
3009:
3008:
3004:
2994:
2992:
2977:
2973:
2964:
2960:
2955:
2951:
2934:
2933:
2929:
2922:
2904:
2900:
2892:
2888:
2849:
2845:
2840:
2836:
2826:
2824:
2815:
2814:
2810:
2770:
2766:
2756:
2754:
2739:
2735:
2730:
2725:
2724:
2714:
2710:
2700:Electronic News
2697:
2693:
2688:
2683:
2570:
2510:
2477:
2448:
2419:Vulture Capital
2411:
2402:
2391:
2385:
2382:
2371:
2359:
2348:
2336:
2289:
2263:
2257:
2244:
2238:
2192:
2119:
2110:
2101:
2097:
2093:
2085:
2079:
2024:
2015:
1989:digital economy
1969:
1888:
1876:
1844:
1800:
1753:
1721:
1712:
1644:angel investors
1624:angel investors
1612:
1601:
1595:
1592:
1581:
1569:
1558:
1527:Implementation
1512:
1506:
1487:
1439:
1428:
1422:
1419:
1404:
1388:
1377:
1260:
1220:
1206:companies, and
1202:, foundations,
1176:
1152:capital markets
1120:
1109:
1103:
1100:
1085:
1069:
1058:
1053:
1051:Firms and funds
993:angel investors
981:
928:Idea generation
897:
891:
858:significantly "
839:
795:
728:
693:Kleiner Perkins
673:Sequoia Capital
669:Kleiner Perkins
650:general partner
595:
584:
578:
575:
564:
552:
541:
408:Eric M. Warburg
364:
358:
353:
345:business models
273:angel investing
271:In addition to
243:market research
239:angel investors
220:high technology
186:) is a form of
180:Venture capital
173:
37:
28:
23:
22:
15:
12:
11:
5:
7460:
7450:
7449:
7447:Private equity
7444:
7439:
7434:
7429:
7412:
7411:
7409:
7408:
7403:
7397:
7395:
7391:
7390:
7388:
7387:
7382:
7377:
7371:
7369:
7362:
7361:
7359:
7358:
7347:
7345:
7341:
7340:
7338:
7337:
7332:
7327:
7322:
7317:
7312:
7307:
7302:
7297:
7292:
7290:Organizational
7287:
7282:
7277:
7272:
7267:
7262:
7257:
7252:
7247:
7242:
7240:Cross-cultural
7237:
7232:
7223:
7218:
7212:
7210:
7206:
7205:
7197:
7196:
7189:
7182:
7174:
7165:
7164:
7162:
7161:
7151:
7141:
7131:
7121:
7111:
7101:
7090:
7087:
7086:
7084:
7083:
7078:
7073:
7068:
7063:
7058:
7053:
7048:
7043:
7038:
7033:
7028:
7023:
7018:
7013:
7008:
7003:
6998:
6992:
6990:
6984:
6983:
6981:
6980:
6975:
6970:
6968:Family offices
6965:
6960:
6955:
6953:Merchant banks
6950:
6945:
6940:
6935:
6930:
6925:
6920:
6915:
6909:
6907:
6903:
6902:
6899:
6898:
6896:
6895:
6890:
6885:
6884:
6883:
6878:
6868:
6863:
6861:Management fee
6858:
6853:
6848:
6843:
6833:
6831:
6827:
6826:
6824:
6823:
6818:
6813:
6808:
6803:
6798:
6793:
6788:
6783:
6778:
6776:Angel investor
6772:
6770:
6764:
6763:
6761:
6760:
6755:
6750:
6745:
6740:
6735:
6729:
6727:
6718:
6712:
6711:
6709:
6708:
6703:
6698:
6693:
6688:
6683:
6677:
6675:
6669:
6668:
6666:
6665:
6660:
6655:
6650:
6645:
6640:
6639:
6638:
6627:
6625:
6621:
6620:
6613:Private equity
6609:
6608:
6601:
6594:
6586:
6580:
6579:
6572:
6568:The New Yorker
6558:
6555:
6552:
6551:
6519:
6493:
6466:
6435:
6408:
6378:
6369:
6346:
6323:
6297:
6267:
6237:
6206:
6175:
6145:
6114:
6084:
6058:
6035:(2): 128–142.
6015:
5991:
5967:
5935:
5904:
5874:
5844:
5825:
5805:
5769:
5739:
5709:
5676:
5646:
5621:
5595:
5569:
5537:
5518:
5498:
5468:
5431:(5): 645–652.
5411:
5384:
5363:"Press corner"
5353:
5330:
5304:
5278:
5252:
5226:
5200:
5174:
5142:
5116:
5090:
5064:
5057:
5029:
5003:
4972:
4941:
4915:
4885:
4855:
4842:(5): 741–777.
4822:
4796:
4766:
4748:. UC Regents.
4733:
4699:
4676:"Diana Report"
4666:
4640:
4601:
4590:
4580:(5 ed.).
4577:Venture Impact
4567:
4541:
4514:
4499:. Growvc.com.
4488:
4462:
4436:
4405:
4374:
4344:
4313:
4290:
4260:
4201:
4168:
4106:
4075:
4036:(2): 306–335.
4016:
3968:
3927:
3897:
3871:
3840:
3821:
3801:
3762:
3739:
3720:
3700:
3674:
3643:
3612:
3582:
3570:
3540:
3518:
3499:
3485:
3462:
3432:
3406:
3380:
3352:
3326:
3317:
3300:Reaction Wheel
3286:
3282:New York Times
3270:
3266:New York Times
3254:
3250:New York Times
3225:
3198:
3179:
3159:
3128:
3110:
3079:
3066:
3029:
3002:
2971:
2958:
2949:
2927:
2920:
2898:
2893:Wilson, John.
2886:
2863:(3): 419–454.
2843:
2834:
2808:
2781:(6): 835–859.
2764:
2732:
2731:
2729:
2726:
2723:
2722:
2708:
2704:Silicon Valley
2690:
2689:
2687:
2684:
2682:
2681:
2676:
2671:
2666:
2661:
2656:
2651:
2646:
2644:Private equity
2641:
2636:
2631:
2626:
2621:
2620:
2619:
2609:
2603:
2598:
2593:
2587:
2582:
2577:
2575:Angel investor
2571:
2569:
2566:
2565:
2564:
2557:The AMC Drama
2555:
2551:Silicon Valley
2546:
2543:Silicon Valley
2529:
2520:
2509:
2506:
2505:
2504:
2495:
2476:
2473:
2472:
2471:
2463:
2447:
2444:
2443:
2442:
2439:
2427:New York Times
2422:
2410:
2407:
2404:
2403:
2362:
2360:
2353:
2347:
2344:
2335:
2332:
2288:
2285:
2268:Income Tax Act
2256:
2253:
2240:Main article:
2237:
2234:
2191:
2188:
2118:
2115:
2109:
2106:
2081:Main article:
2078:
2075:
2055:angel investor
2038:analysing 130
2023:
2020:
2014:
2011:
2000:Silicon Valley
1973:Index Ventures
1968:
1965:
1901:Larry Marshall
1887:
1884:
1875:
1872:
1843:
1840:
1799:
1796:
1752:
1749:
1725:Babson College
1720:
1717:
1711:
1708:
1614:
1613:
1572:
1570:
1563:
1557:
1554:
1547:
1546:
1542:
1538:
1537:
1533:
1529:
1528:
1525:
1508:Main article:
1505:
1502:
1486:
1483:
1452:Silicon Valley
1441:
1440:
1391:
1389:
1382:
1376:
1373:
1370:
1369:
1365:
1364:Platform Team
1361:
1360:
1352:
1348:
1347:
1344:
1340:
1339:
1327:
1323:
1322:
1310:
1306:
1305:
1301:
1297:
1296:
1293:
1289:
1288:
1285:
1259:
1256:
1255:
1254:
1250:
1247:
1244:
1237:
1236:
1233:
1230:
1219:
1216:
1212:funds of funds
1175:
1172:
1122:
1121:
1072:
1070:
1063:
1057:
1054:
1052:
1049:
1041:
1040:
1036:
1029:
1022:Growth Capital
1019:
1004:
980:
977:
949:
948:
943:
937:
931:
893:Main article:
890:
887:
883:dot-com bubble
838:
835:
831:dot-com bubble
807:World Wide Web
794:
791:
787:growth capital
779:Warburg Pincus
727:
724:
712:privately held
665:Sand Hill Road
597:
596:
555:
553:
546:
540:
537:
461:Ralph Flanders
457:Georges Doriot
416:Warburg Pincus
360:Main article:
357:
354:
352:
349:
333:public sectors
322:business model
295:or complete a
289:public markets
254:Series A round
216:business model
188:private equity
175:
174:
172:
171:
164:
157:
149:
146:
145:
137:
136:
130:
129:
125:
124:
118:
117:
110:dot-com bubble
105:
104:
98:
97:
89:
88:
82:
81:
73:
72:
66:
65:
62:private equity
57:
56:
50:
49:
41:
40:
26:
9:
6:
4:
3:
2:
7459:
7448:
7445:
7443:
7440:
7438:
7435:
7433:
7430:
7428:
7425:
7424:
7422:
7407:
7404:
7402:
7399:
7398:
7396:
7392:
7386:
7383:
7381:
7378:
7376:
7373:
7372:
7370:
7367:
7363:
7356:
7352:
7349:
7348:
7346:
7342:
7336:
7333:
7331:
7328:
7326:
7323:
7321:
7318:
7316:
7313:
7311:
7308:
7306:
7303:
7301:
7298:
7296:
7293:
7291:
7288:
7286:
7283:
7281:
7278:
7276:
7273:
7271:
7268:
7266:
7263:
7261:
7258:
7256:
7253:
7251:
7248:
7246:
7243:
7241:
7238:
7236:
7233:
7231:
7227:
7224:
7222:
7219:
7217:
7214:
7213:
7211:
7207:
7203:
7195:
7190:
7188:
7183:
7181:
7176:
7175:
7172:
7160:
7152:
7150:
7142:
7140:
7132:
7130:
7122:
7120:
7112:
7110:
7102:
7100:
7092:
7091:
7088:
7082:
7079:
7077:
7074:
7072:
7069:
7067:
7064:
7062:
7059:
7057:
7054:
7052:
7049:
7047:
7044:
7042:
7039:
7037:
7034:
7032:
7029:
7027:
7024:
7022:
7019:
7017:
7014:
7012:
7009:
7007:
7004:
7002:
6999:
6997:
6994:
6993:
6991:
6985:
6979:
6976:
6974:
6971:
6969:
6966:
6964:
6961:
6959:
6956:
6954:
6951:
6949:
6946:
6944:
6941:
6939:
6936:
6934:
6933:Fund of funds
6931:
6929:
6926:
6924:
6923:Pension funds
6921:
6919:
6916:
6914:
6911:
6910:
6908:
6904:
6894:
6891:
6889:
6886:
6882:
6879:
6877:
6874:
6873:
6872:
6869:
6867:
6864:
6862:
6859:
6857:
6854:
6852:
6849:
6847:
6844:
6842:
6838:
6835:
6834:
6832:
6828:
6822:
6821:Venture round
6819:
6817:
6814:
6812:
6809:
6807:
6804:
6802:
6799:
6797:
6794:
6792:
6789:
6787:
6784:
6782:
6779:
6777:
6774:
6773:
6771:
6769:
6765:
6759:
6756:
6754:
6751:
6749:
6746:
6744:
6741:
6739:
6736:
6734:
6731:
6730:
6728:
6726:
6722:
6719:
6713:
6707:
6704:
6702:
6699:
6697:
6694:
6692:
6689:
6687:
6684:
6682:
6681:Early history
6679:
6678:
6676:
6674:
6670:
6664:
6661:
6659:
6656:
6654:
6651:
6649:
6646:
6644:
6641:
6637:
6634:
6633:
6632:
6629:
6628:
6626:
6622:
6618:
6614:
6607:
6602:
6600:
6595:
6593:
6588:
6587:
6584:
6577:
6573:
6570:
6569:
6564:
6561:
6560:
6539:
6535:
6534:
6529:
6523:
6507:
6504:. Thevc.com.
6503:
6497:
6481:
6477:
6470:
6454:
6450:
6446:
6439:
6423:
6419:
6412:
6396:
6392:
6388:
6382:
6373:
6366:
6362:
6358:
6355:
6350:
6343:
6342:The Economist
6339:
6335:
6332:
6327:
6311:
6307:
6301:
6285:
6281:
6277:
6271:
6255:
6251:
6247:
6241:
6225:
6221:
6217:
6210:
6194:
6190:
6186:
6179:
6163:
6159:
6155:
6149:
6133:
6129:
6125:
6118:
6102:
6098:
6094:
6088:
6072:
6068:
6062:
6046:
6042:
6038:
6034:
6030:
6026:
6019:
6008:
6001:
5995:
5984:
5977:
5971:
5952:
5945:
5939:
5923:
5919:
5915:
5908:
5892:
5888:
5884:
5878:
5862:
5858:
5854:
5848:
5832:
5828:
5822:
5818:
5817:
5809:
5790:
5786:
5779:
5773:
5757:
5753:
5749:
5743:
5727:
5720:
5713:
5694:
5687:
5680:
5664:
5660:
5656:
5650:
5635:
5631:
5625:
5610:
5606:
5599:
5584:
5580:
5573:
5558:
5554:
5548:
5546:
5544:
5542:
5525:
5521:
5515:
5511:
5510:
5502:
5486:
5482:
5478:
5472:
5464:
5460:
5455:
5450:
5446:
5442:
5438:
5434:
5430:
5426:
5422:
5415:
5399:
5395:
5388:
5372:
5368:
5364:
5357:
5349:
5345:
5341:
5334:
5318:
5314:
5308:
5292:
5288:
5282:
5266:
5262:
5256:
5240:
5236:
5230:
5214:
5210:
5204:
5188:
5184:
5178:
5162:
5158:
5157:
5152:
5146:
5130:
5126:
5120:
5105:
5101:
5094:
5078:
5074:
5068:
5060:
5054:
5050:
5046:
5042:
5041:
5033:
5017:
5013:
5007:
4991:
4987:
4983:
4976:
4960:
4956:
4952:
4945:
4929:
4925:
4919:
4903:
4899:
4895:
4889:
4873:
4869:
4865:
4859:
4850:
4845:
4841:
4837:
4833:
4826:
4810:
4806:
4800:
4784:
4780:
4776:
4770:
4751:
4744:
4737:
4721:
4717:
4713:
4709:
4703:
4684:
4677:
4670:
4654:
4650:
4644:
4628:
4624:
4620:
4616:
4612:
4605:
4597:
4593:
4587:
4583:
4579:
4578:
4571:
4555:
4551:
4545:
4529:
4525:
4518:
4502:
4498:
4492:
4476:
4472:
4466:
4450:
4446:
4440:
4424:
4420:
4416:
4409:
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4388:TheFundLawyer
4385:
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4327:TheFundLawyer
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4273:pitchbook.com
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3425:September 17,
3420:
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3399:September 17,
3394:
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3258:
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3208:
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3191:September 27,
3186:
3182:
3180:9780674240117
3176:
3172:
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3147:
3143:
3139:
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3098:
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3090:
3083:
3076:
3070:
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3048:. p. 1.
3047:
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3012:
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2995:September 30,
2990:
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2622:
2618:
2615:
2614:
2613:
2612:Joint venture
2610:
2607:
2604:
2602:
2599:
2597:
2594:
2591:
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2586:
2583:
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2578:
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2508:In television
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2363:This section
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2357:
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2341:
2331:
2329:
2324:
2320:
2318:
2314:
2310:
2306:
2305:business plan
2302:
2301:due diligence
2298:
2294:
2284:
2280:
2276:
2274:
2269:
2262:
2252:
2250:
2243:
2233:
2231:
2227:
2223:
2217:
2215:
2211:
2207:
2202:
2199:
2198:
2187:
2183:
2181:
2176:
2173:
2167:
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2161:
2156:
2153:
2149:
2147:
2143:
2141:
2137:
2133:
2130:
2126:
2123:
2114:
2105:
2090:
2084:
2074:
2072:
2068:
2064:
2060:
2056:
2052:
2048:
2044:
2041:
2037:
2033:
2029:
2019:
2010:
2008:
2003:
2001:
1995:
1992:
1990:
1985:
1983:
1978:
1974:
1964:
1961:
1957:
1955:
1950:
1948:
1944:
1940:
1935:
1933:
1929:
1925:
1921:
1917:
1912:
1908:
1906:
1902:
1898:
1894:
1883:
1881:
1871:
1869:
1868:Life Sciences
1865:
1860:
1856:
1851:
1849:
1839:
1835:
1831:
1829:
1828:United States
1820:
1812:
1804:
1798:United States
1795:
1793:
1789:
1784:
1782:
1778:
1772:
1770:
1766:
1762:
1757:
1748:
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1736:
1734:
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1716:
1707:
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1691:
1687:
1682:
1679:
1674:
1672:
1668:
1664:
1659:
1655:
1651:
1649:
1648:bootstrapping
1645:
1641:
1636:
1631:
1629:
1625:
1621:
1610:
1607:
1599:
1589:
1585:
1579:
1578:
1573:This section
1571:
1567:
1562:
1561:
1553:
1543:
1540:
1539:
1534:
1531:
1530:
1526:
1523:
1522:
1519:
1517:
1511:
1501:
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1494:
1493:
1482:
1480:
1476:
1471:
1469:
1463:
1461:
1455:
1453:
1448:
1437:
1434:
1426:
1416:
1412:
1408:
1402:
1401:
1397:
1392:This section
1390:
1386:
1381:
1380:
1366:
1363:
1362:
1357:
1356:due diligence
1353:
1350:
1349:
1345:
1342:
1341:
1337:
1333:
1328:
1325:
1324:
1320:
1316:
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1231:
1228:
1227:
1226:
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1209:
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1201:
1198:, university
1197:
1196:pension funds
1193:
1189:
1185:
1181:
1167:
1163:
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1157:
1153:
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1133:
1129:
1118:
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1093:
1089:
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1082:
1078:
1073:This section
1071:
1067:
1062:
1061:
1048:
1046:
1037:
1034:
1030:
1027:
1023:
1020:
1017:
1013:
1009:
1005:
1002:
998:
994:
990:
989:
988:
986:
976:
972:
970:
969:biotechnology
966:
965:life sciences
962:
958:
953:
947:
944:
941:
938:
935:
932:
929:
926:
925:
924:
922:
918:
914:
913:due diligence
910:
905:
901:
896:
886:
884:
879:
877:
871:
869:
865:
861:
856:
848:
843:
834:
832:
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820:
816:
812:
808:
803:
800:
790:
789:investments.
788:
784:
780:
776:
772:
768:
767:Chemical Bank
764:
760:
755:
753:
749:
743:
741:
737:
733:
723:
721:
717:
713:
709:
704:
702:
696:
694:
690:
686:
682:
681:semiconductor
678:
674:
670:
666:
661:
659:
655:
651:
647:
643:
639:
634:
632:
628:
622:
620:
616:
610:
608:
604:
593:
590:
582:
572:
568:
562:
561:
556:This section
554:
550:
545:
544:
536:
534:
531:
530:institutional
527:
523:
519:
515:
511:
507:
503:
502:Benno Schmidt
499:
495:
493:
489:
485:
480:
478:
474:
470:
466:
462:
458:
454:
452:
448:
443:
441:
437:
433:
429:
425:
421:
417:
413:
409:
405:
401:
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393:
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381:
377:
373:
369:
363:
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346:
342:
338:
334:
330:
325:
323:
319:
315:
311:
307:
302:
298:
297:debt offering
294:
290:
286:
282:
278:
274:
269:
267:
263:
259:
255:
251:
246:
244:
240:
235:
233:
232:biotechnology
229:
225:
221:
217:
213:
209:
205:
201:
197:
193:
189:
185:
181:
170:
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163:
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150:
148:
147:
143:
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138:
135:
132:
131:
127:
126:
123:
120:
119:
115:
114:credit crunch
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91:
90:
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84:
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54:Early history
52:
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42:
39:
34:
33:
30:
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7353:(short) vs.
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7280:Intellectual
7081:Vintage year
7006:Capital call
6978:Crowdfunding
6913:Corporations
6816:Venture debt
6767:
6642:
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6531:
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6422:the original
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6316:December 25,
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6280:gulfnews.com
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5530:February 28,
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3864:February 28,
3862:. Retrieved
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3730:. Retrieved
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3687:the original
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3657:Investopedia
3656:
3646:
3636:February 17,
3634:. Retrieved
3625:
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3605:February 17,
3603:. Retrieved
3594:
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3552:
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3465:
3455:February 11,
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3444:
3435:
3423:. Retrieved
3409:
3397:. Retrieved
3383:
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3366:the original
3355:
3343:. Retrieved
3339:the original
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3320:
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3299:
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3201:
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3141:
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3101:. Retrieved
3092:
3082:
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3069:
3057:. Retrieved
3045:
3032:
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3005:
2993:. Retrieved
2991:(4): 387–398
2988:
2984:
2974:
2961:
2952:
2944:the original
2939:
2930:
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2894:
2889:
2860:
2856:
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2837:
2825:. Retrieved
2820:
2811:
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2774:
2767:
2755:. Retrieved
2746:
2736:
2711:
2694:
2664:Sweat equity
2654:Seed funding
2558:
2549:
2536:
2523:
2516:Dragons' Den
2514:
2498:
2488:Vince Vaughn
2481:
2466:
2452:
2435:
2432:Matt Richtel
2425:
2418:
2415:Mark Coggins
2392:
2386:January 2021
2383:
2372:Please help
2367:verification
2364:
2342:guidelines.
2337:
2321:
2297:confidential
2290:
2281:
2277:
2267:
2264:
2245:
2218:
2212:at 21%, and
2203:
2195:
2193:
2184:
2177:
2168:
2157:
2150:
2144:
2134:
2127:
2120:
2111:
2086:
2025:
2016:
2004:
1996:
1993:
1986:
1976:
1970:
1962:
1958:
1951:
1936:
1913:
1909:
1889:
1877:
1852:
1845:
1836:
1832:
1825:
1792:Jeffrey Funk
1785:
1773:
1758:
1754:
1737:
1722:
1713:
1705:
1702:
1698:
1683:
1675:
1658:crowdfunding
1652:
1640:sweat equity
1632:
1620:seed funding
1617:
1602:
1596:January 2021
1593:
1582:Please help
1577:verification
1574:
1556:Alternatives
1550:
1513:
1504:Compensation
1498:
1490:
1488:
1472:
1468:vintage year
1464:
1460:capital call
1456:
1444:
1429:
1420:
1405:Please help
1393:
1277:
1275:experience.
1261:
1238:
1224:
1221:
1180:partnerships
1177:
1160:
1132:equity stake
1127:
1125:
1110:
1104:January 2021
1101:
1086:Please help
1074:
1045:venture debt
1042:
982:
973:
954:
950:
906:
902:
898:
880:
872:
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756:
744:
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635:
623:
611:
600:
585:
579:January 2021
576:
565:Please help
560:verification
557:
496:
481:
465:Karl Compton
455:
444:
388:Rockefellers
368:World War II
365:
326:
281:seed funding
270:
250:seed funding
247:
236:
183:
179:
178:
29:
7270:Information
7245:Educational
7226:Circulating
6943:Foundations
6866:Pledge fund
6658:Secondaries
6260:October 11,
6230:October 11,
5928:November 3,
5732:January 29,
5377:February 9,
4779:VentureBeat
4726:January 15,
4708:Alba, Davey
4692:January 14,
4659:October 26,
4633:October 26,
4283:January 28,
4253:January 28,
4194:January 28,
4161:January 28,
4099:January 28,
4068:January 28,
4009:January 27,
3667:January 26,
3103:January 28,
2940:www.pbs.org
2821:www.svb.com
2548:The sitcom
2492:Owen Wilson
2122:South Korea
2022:Switzerland
1984:investing.
1897:Bill Ferris
1893:Nasdaq IPOs
1690:foreclosure
1686:securitized
1475:traditional
919:stage when
860:under water
615:Arthur Rock
518:Minute Maid
449:(ARDC) and
436:Atlas Copco
428:Investor AB
380:Vanderbilts
376:Wallenbergs
372:J.P. Morgan
128:(expansion)
7421:Categories
7385:Fictitious
7368:analytical
7310:Reputation
7275:Intangible
7265:Individual
7031:Envy ratio
6938:Endowments
6801:Seed money
6715:Terms and
6401:August 20,
6310:TechCrunch
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