Venture Capital

Gantenbein, Pascal and Forrer, Reto and Herold, Nils. (2013) Venture Capital. In: Portfolio theory and management. New York, pp. 654-673.

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Many entrepreneurial businesses require substantial capital in the startup phase. The period needed until a firm can bring its products to the market and generate revenues can take years, particularly in high-tech sectors involving scientific research and a complex development process. Often the founders do not have sufficient resources to finance the startup phase on their own. Thus, they need external financing, which, by nature, is mostly equity capital. Because startup firms face uncertain future prospects and lack a strong track record, they are unlikely to receive debt financing. Thus, venture capitalists are investors specialized in funding young businesses. They help close the gap when conventional financing is inapplicable. This chapter provides an overview of the venture capital market, the financial economies of venture capital, and the special features of venture investing.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Finanzmanagement (Gantenbein)
UniBasel Contributors:Gantenbein, Pascal and Forrer, Reto and Herold, Nils
Item Type:Book Section, refereed
Book Section Subtype:Book Chapter
Publisher:Oxford University Press
Note:Publication type according to Uni Basel Research Database: Book item
Last Modified:13 Oct 2016 10:02
Deposited On:13 Oct 2016 10:02

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