Abstract
The inventive process is the most important driver of economic growth. Venture capital (VC) funds have contributed a small, but critical, part to the inventive process. VC funds boost the inventive process by selecting a small number of radical ideas out a large flow of ideas and invest in their testing, development and commercialization. They bring together capital from general savings, management capabilities and business experience. When successful, VC-backed companies can contribute substantially to the welfare of society. In this book, VC funds are discussed in the context of macroeconomics, industrial organization, financial intermediation and financial economics. The authors adopt a comprehensive overview to provide clearer insight into the role of VC funds in the capital market and the way they operate.
| Original language | English |
|---|---|
| Publisher | Palgrave Macmillan Ltd. |
| Number of pages | 123 |
| ISBN (Electronic) | 9781137536600 |
| ISBN (Print) | 9781137536594 |
| DOIs | |
| State | Published - 1 Jan 2016 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 10 Reduced Inequalities
Keywords
- Assets
- Consumer Surplus
- Financial Intermediation
- Globalization
- Government Intervention
- IP Laws
- Radical Ideas
- Risk
- Semiconductor Industry
- Technology
- United States
- investments and securities
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