منابع مشابه
The Venture Capital Revolution
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متن کاملVenture Capital and the Macroeconomy∗
I develop a model of venture capital (VC) intermediation that can quantitatively explain central empirical facts about VC activity and allows evaluating its impact on economic growth. The framework reveals how pro-cyclical VC investment dynamics reinforce themselves through a risk premium channel that rationalizes low funding standards in booms. VC investments’ aggregate impact is significantly...
متن کاملVenture Capital and the Professionalization
This paper examines empirical evidence on the impact that venture capitalists can have on the development path of new firms. We use a hand-collected data set on Silicon Valley start-up companies that allows us to “look inside the black box” and analyze the influence of venture capital on the professionalization of firms’ internal organization. The evidence suggests that there is a “soft” facet ...
متن کاملHow venture capital works.
The popular mythology surrounding the U.S. venture-capital industry derives from a previous era. Venture capitalists who nurtured the computer industry in its infancy were legendary both for their risk taking and for their hands-on operating experience. But today things are different, and separating the myths from the realities is crucial to understanding this important piece of the U.S. econom...
متن کاملVenture 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...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2001
ISSN: 0895-3309
DOI: 10.1257/jep.15.2.145