Venture capital - Knowledge

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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.

1811: 46: 1819: 1803: 7155: 7145: 7125: 7105: 7095: 2356: 1566: 1385: 1066: 549: 7135: 7115: 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.

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 $

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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

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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

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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

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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

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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

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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

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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.

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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

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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%

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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

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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

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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,

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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

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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

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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

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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

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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

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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

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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

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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,

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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

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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.

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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

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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,

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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

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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

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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.

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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.

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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.

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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

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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

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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

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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

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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

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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

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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

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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.

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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.

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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.

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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

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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. 2469:

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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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.

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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

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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.

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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.

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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.

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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

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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

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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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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.

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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,

7025: 4300: 5212: 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.

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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%.

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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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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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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

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As of 2024, tighter financial conditions have harmed venture capital funding in the European Union, which remains undeveloped in comparison to the United States.

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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.

3278: 3262: 3621: 6070: 5882: 5234: 5182: 4527: 4179: 3598: 3361: 6596: 5860: 5788: 4863: 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: 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 17: 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

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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. 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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:. 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(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 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:. 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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: 18:Business venture 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: 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3191:September 27, 3186: 3182: 3180:9780674240117 3176: 3172: 3171: 3163: 3147: 3143: 3139: 3132: 3124: 3120: 3114: 3098: 3094: 3090: 3083: 3076: 3070: 3051: 3048:. p. 1. 3047: 3040: 3033: 3016: 3012: 3006: 2995:September 30, 2990: 2986: 2982: 2975: 2968: 2962: 2953: 2945: 2941: 2937: 2931: 2923: 2917: 2912: 2911: 2902: 2896: 2890: 2882: 2878: 2874: 2870: 2866: 2862: 2858: 2854: 2847: 2838: 2822: 2818: 2812: 2804: 2800: 2796: 2792: 2788: 2784: 2780: 2776: 2768: 2752: 2748: 2744: 2737: 2733: 2718: 2712: 2705: 2701: 2695: 2691: 2680: 2677: 2675: 2672: 2670: 2667: 2665: 2662: 2660: 2657: 2655: 2652: 2650: 2647: 2645: 2642: 2640: 2637: 2635: 2632: 2630: 2627: 2625: 2622: 2618: 2615: 2614: 2613: 2612:Joint venture 2610: 2607: 2604: 2602: 2599: 2597: 2594: 2591: 2588: 2586: 2583: 2581: 2578: 2576: 2573: 2572: 2562: 2561: 2556: 2553: 2552: 2547: 2544: 2540: 2539: 2534: 2530: 2527: 2526: 2521: 2518: 2517: 2512: 2511: 2508:In television 2502: 2501: 2496: 2493: 2489: 2485: 2484: 2479: 2478: 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1784: 1782: 1778: 1772: 1770: 1766: 1762: 1757: 1748: 1746: 1742: 1736: 1734: 1730: 1726: 1716: 1707: 1704: 1701: 1697: 1695: 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: 1497: 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: 1311: 1308: 1307: 1302: 1299: 1298: 1294: 1291: 1290: 1286: 1283: 1282: 1279: 1276: 1274: 1270: 1266: 1251: 1248: 1245: 1242: 1241: 1240: 1234: 1231: 1228: 1227: 1226: 1223: 1215: 1213: 1209: 1205: 1201: 1198:, university 1197: 1196:pension funds 1193: 1189: 1185: 1181: 1167: 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