Entrepreneurship and Venture Capital

Healthcare Industry Week 2012 Venture Capital and Entrepreneurship Panel

Venture capital and internationalization

Cross-border investments represent a substantial share of venture capital activities. We use a new and comprehensive dataset on worldwide investments to analyze the internationalization of venture capital financing. Our results from the perspectives of (i) venture capitalists, (ii) portfolio companies, (iii) portfolio companies’ countries and (iv) pairs of venture capitalists’ and portfolio com...

Innovations and Venture Capital

This paper develops a theory why innovation often takes place in new rms that depend overproportionally on external nance usually supplied by specialist intermediaries called venture capitalists. It is argued that innovative projects are characterized by two features: uncertainty that is resolved through a learning by doing process and private bene ts for the entrepreneur from running the proje...

Corporate Venture Capital and

In this paper, we focus on the potential innovation benefits to corporate venture capital, i.e. equity investments in entrepreneurial ventures by incumbent firms. In particular, we ask do firms that invest corporate venture capital learn about and appropriate new technologies and practices from those ventures they invest. Our investigation builds on two theoretical pillars. First, incumbent fir...

Venture Capital Firms and Entrepreneurship: A Study of Start-Up Companies and Their Funding

Research on what determines the performance of start-up companies is characterized by a sharp debate in the literature of economic sociology and the sociology of the economy. There is one extreme view proposing that in the long run, a rational market takes care of allocating scarce resources such as venture capital funding to the most potentially profitable and exciting business plans. By contr...