identifying and grading factors affecting new ventures valuation by venture capitalists

a framework for identifying and prioritizing factors affecting customers’ online shopping behavior in iran

the purpose of this study is identifying effective factors which make customers shop online in iran and investigating the importance of discovered factors in online customers’ decision. in the identifying phase, to discover the factors affecting online shopping behavior of customers in iran, the derived reference model summarizing antecedents of online shopping proposed by change et al. was us...

Venture Capitalists, Monitoring and Advising

Venture capitalists are widely regarded as financial intermediaries who provide not just financing, but also advice and monitoring. This view rests on solid empirical foundations: according to Gorman and Sahlman (1989), for example, lead venture investors visit each portfolio company an average of 19 times per year, and spend 100 hours in direct contact (on site or by phone) with the company. V...

Valuation and Return Dynamics of New Ventures

Valuation and Return Dynamics of New Ventures We develop and analyze a model of a multi-stage investment project that captures many features of R&D ventures and start-up companies. An important feature these problems share is that the firm learns about the potential profitability of the project throughout its life, but that technical uncertainty about the research and development effort is only...

Do Venture Capitalists Certify New Issues in the IPO Market?

In addition to corporate executives, venture capitalists (VCs) have been receiving hot IPO shares from investment banks. The cozy relationship between VCs and investment banks calls in question of the well-documented certification role of VCs in IPO market. Using IPO data from 1988 through 1999, we document strong empirical evidence against the certification role of VCs. Instead, we find that V...

Challenges facing venture capitalists in developing economies

Investment Criteria of Singapore Venture Capitalists

Venture capital industry in Singapore is of recent origin. However, funds under management in Singapore have grown from S$ 45 million in 1983 to S$ 7300 million in 1995. These developments together with the recent announcement of government’s vision of Singapore becoming a hub for venture capital in the region, provides an opportunity for an examination of the venture capital industry in Singap...