Differences in Venture Capital Financing of U S , Uk, German and French Information Technology Start-Ups

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Publisher : GRIN Verlag
ISBN 13 : 3640893166
Total Pages : 301 pages
Book Rating : 4.6/5 (48 download)

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Book Synopsis Differences in Venture Capital Financing of U S , Uk, German and French Information Technology Start-Ups by : Michael Jurgen Garbade

Download or read book Differences in Venture Capital Financing of U S , Uk, German and French Information Technology Start-Ups written by Michael Jurgen Garbade and published by GRIN Verlag. This book was released on 2011-04 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2011 in the subject Business economics - Investment and Finance, University of Kassel (Research Group Entrepreneurship), language: English, abstract: Independent Venture Capital (IVC) has been paramount in the emergence of the information technology industry in both the United States and Europe. There are relatively few large global information technology companies in Europe. A widening gap is observable in the success rate of IVC backed start-ups between the U.S. and Europe in the information technology industry. This difference could be attributable to the differences in the venture capital financing of start-ups in the U.S., UK, Germany and France. This book deals with "Differences in Venture Capital Financing of U.S., UK, German and French Information Technology Start-ups". The comparative analysis is conducted on a microeconomic level (managerial venture capital research), i.e. on the venture capital firm level. The differences are analyzed for the whole venture capital investment cycle: contact phase, initial screening phase, due diligence phase, deal structuring and negotiation phase, management phase - value adding services, and exit phase. The research framework model examines the following differences in the venture capital investment cycle: average size of investment in the seed stage, average size of investment in the start-up stage, aver-age size of investment in the growth stage, percentage of start-ups in pre-revenue phase at time of investment, percentage of start-ups not managed by founders but experienced managers, percentage of investment in start-ups with me-too products, percentage of mar-ket analysis due diligence done informal, typical liquidation preference multiple, percent-age syndicated exits that are outperformers, number of tranches per investment round, number of board seats per partner and the cash multiple X that defines an outperformer. The empirical research work is based on an extensiv

Venture Capital Financing of U.S., UK, German and French IT Start-ups

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3640893271
Total Pages : 300 pages
Book Rating : 4.6/5 (48 download)

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Book Synopsis Venture Capital Financing of U.S., UK, German and French IT Start-ups by : Michael Jurgen Garbade

Download or read book Venture Capital Financing of U.S., UK, German and French IT Start-ups written by Michael Jurgen Garbade and published by GRIN Verlag. This book was released on 2011-04-14 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2011 in the subject Business economics - Investment and Finance, University of Kassel (Research Group Entrepreneurship), language: English, abstract: Independent Venture Capital (IVC) has been paramount in the emergence of the information technology industry in both the United States and Europe. There are relatively few large global information technology companies in Europe. A widening gap is observable in the success rate of IVC backed start-ups between the U.S. and Europe in the information technology industry. This difference could be attributable to the differences in the venture capital financing of start-ups in the U.S., UK, Germany and France. This book deals with "Differences in Venture Capital Financing of U.S., UK, German and French Information Technology Start-ups". The comparative analysis is conducted on a microeconomic level (managerial venture capital research), i.e. on the venture capital firm level. The differences are analyzed for the whole venture capital investment cycle: contact phase, initial screening phase, due diligence phase, deal structuring and negotiation phase, management phase — value adding services, and exit phase. The research framework model examines the following differences in the venture capital investment cycle: average size of investment in the seed stage, average size of investment in the start-up stage, aver-age size of investment in the growth stage, percentage of start-ups in pre-revenue phase at time of investment, percentage of start-ups not managed by founders but experienced managers, percentage of investment in start-ups with me-too products, percentage of mar-ket analysis due diligence done informal, typical liquidation preference multiple, percent-age syndicated exits that are outperformers, number of tranches per investment round, number of board seats per partner and the cash multiple X that defines an outperformer. The empirical research work is based on an extensive scientific online questionnaire with VCs in the U.S., UK, Germany and France. Before the online questionnaire was drafted, a preliminary face-to-face expert interview was conducted with 24 VCs in Silicon Valley, London, Paris, Hamburg, Berlin and Munich. The primary data collected in the questionnaire served as basis for quantitative parametric and non-parametric statistical analysis. The book is bespokenly written for decision makers in the venture capital industry in the U.S, UK, Germany and France; all entrepreneurs and professionals who want to under-stand the economics and mechanics of venture capital term sheet clauses; venture capital industry professionals; VC associations

Differences in Venture Capital Financing of U.S., UK, German and French Information Technology Start-Ups - A Comparative Empirical Research of the Investment Process on the Venture Capital Firm Level

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Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Differences in Venture Capital Financing of U.S., UK, German and French Information Technology Start-Ups - A Comparative Empirical Research of the Investment Process on the Venture Capital Firm Level by : Michael Jurgen Garbade

Download or read book Differences in Venture Capital Financing of U.S., UK, German and French Information Technology Start-Ups - A Comparative Empirical Research of the Investment Process on the Venture Capital Firm Level written by Michael Jurgen Garbade and published by . This book was released on 2015 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Venture Capital in Germany and the U.S.: Differences and the Influence of Culture

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Publisher : diplom.de
ISBN 13 : 3836637553
Total Pages : 113 pages
Book Rating : 4.8/5 (366 download)

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Book Synopsis Venture Capital in Germany and the U.S.: Differences and the Influence of Culture by : Lars Abraham

Download or read book Venture Capital in Germany and the U.S.: Differences and the Influence of Culture written by Lars Abraham and published by diplom.de. This book was released on 2009-10-30 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Introduction: In today s modern economy a country s or region s competitiveness lies in its capability to innovate. Whilst earlier old and established companies were reliable producers of innovation as well as jobs, that is changing. The big corporations are outsourcing and downsizing, and the new technologies are emerging from companies that did not exist 20 years ago . This quotation taken from the Handbook of Research on Venture Capital points out the increasing relevance of the Schumpeterian growth regime of today s advanced economies which means that growth and wealth is unlikely to be maximized if most new business developments are carried out by old long-existing corporations. While in Europe only few global champions have been created in the past 50 years the United States economy seems to be capable of continuously creating great, leading-edge companies. Why is Europe lagging behind in enabling new ventures to become global champions? Why are successful high growth companies like Amazon, AMD, AOL, Apple, Cisco Systems, eBay, Genentech, Intel, Microsoft, Oracle, Sun Microsystems, Yahoo and recently Google all US based corporations and not of European or Japanese origin? One reason is seen in the outstanding capability of the US economy to put innovative business ideas from individuals, universities and other research institutions into practice and thus create with the help of a well developed venture capital industry new global champions. A strong and sophisticated VC industry is widely recognised for providing a major contribution to turn innovation into (internationally) successful high-growth corporations and therewith foster economic growth. Taking Germany as the largest economy in Europe this thesis will try to work out the main differences of the VC market in Germany - which is still considered as lagging behind - and its correspondent in the United States. While most of the previous comparative studies focus on single aspects of the VC market and the VC investment process this work will try to provide a brief but comprehensive empirical analysis of the entire venture capital investment process (from fundraising to exiting investments). As business in general and the venture capital industry in particular is considered to be increasingly influenced by socio-economic and cultural factors this thesis draws special attention to differences related to the influence of culture on both VC markets. Hence it will be [...]

Private Equity in Germany

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Publisher : Springer
ISBN 13 : 9783031337109
Total Pages : 0 pages
Book Rating : 4.3/5 (371 download)

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Book Synopsis Private Equity in Germany by : Cordelia Friesendorf

Download or read book Private Equity in Germany written by Cordelia Friesendorf and published by Springer. This book was released on 2024-07-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Start-ups are emerging, non-conventional enterprises that enter established markets with radically different products, displace incumbents, create new markets, and promote economic growth through innovation. Start-ups are often faced with many challenges that may threaten their survival, which can often be overcome by securing steady financial support. Start-ups are high-risk enterprises that are unattractive to conventional financiers, but absolutely suited to private equity (PE) and venture capital (VC) investors who seek rewards and are therefore willing to accept risk. The success stories of global digital platform start-ups have attracted PE investors in particular. When investing in a digital platform start-up in Germany, what criteria do PE and VC investors look for? How should entrepreneurs prepare for VC funding? What strategies should they use? The authors examine these questions in this book and provide a comprehensive analysis of the German start-up, digital platform, PE, and VC ecosystems. The book exposes entrepreneurs, investors, mergers and acquisitions experts, regulators and policy-makers to the market's workings and pain points so that they can help create a German start-up ecosystem that is as functional as the other organized industries.

Venture Capital and New Technology Based Firms

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Publisher : Springer Science & Business Media
ISBN 13 : 3642486835
Total Pages : 165 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Venture Capital and New Technology Based Firms by : Oliver Pfirrmann

Download or read book Venture Capital and New Technology Based Firms written by Oliver Pfirrmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.

Early Stage Investments in New Technology Based Firms

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Publisher : diplom.de
ISBN 13 : 383241214X
Total Pages : 192 pages
Book Rating : 4.8/5 (324 download)

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Book Synopsis Early Stage Investments in New Technology Based Firms by : Holger Ludewig

Download or read book Early Stage Investments in New Technology Based Firms written by Holger Ludewig and published by diplom.de. This book was released on 1999-01-04 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: In recent years the issue of early stage investment in new technology based firms has drawn considerable attention. Its relevance emerges from the rise of high technology industries in the global economy. As competition in established, mature industries all over the world is ever increasing, the importance of keeping up and increasing the speed of innovation to ensure competitiveness of companies and national wealth is widely recognized. Innovation may concern products or processes. It refers to the development of new proprietary knowledge, i. e. technology, which is embodied in marketable products or services. In as far as the added private knowledge increases the utility of a product to the customers, it adds value. Unless the new features of a product are matched by competitors, a company may earn innovation rents. Thus proprietary knowledge attained through innovation is an important source of strategic advantage. In a competitive, dynamic market, however innovation rents are not sustainable. Competitors will attempt to match and exceed the innovation advantage. This may be achieved by imitation or by adding other or more innovative features. Whereas following the product life cycle model initial growth may be steep and rents may be high for the first mover, imitators competing on price and other rivals competing on innovations, may inflate the monopolistic power of the proprietary knowledge. Striving to maintain and increase market shares and profitability, companies thus have a strong incentive to keep innovating. For new technology-based firms the importance of proprietary knowledge is particularly pronounced. These start-ups operate in a hostile competitive environment, characterized by high uncertainty, offering the potential for rapid growth and high profits on the upside, but also the substantial threat of incurring deep losses on the downside. Whereas large companies generally possess a diversified product portfolio and a host of strategic assets, small companies will need to compete on a single new product or service and the determination of its management team. Politicians, worried by high unemployment and budget deficits, lately fell in love with the high-technology start-ups for their ability to create jobs and ensure future tax revenues. New technology-based firms are drivers of structural change in the economy in that they are among the first to enter new high growth potential industries. For [...]

Investment In Startups And Small Business Financing

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Publisher : World Scientific
ISBN 13 : 981123583X
Total Pages : 425 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Investment In Startups And Small Business Financing by : Farhad Taghizadeh-hesary

Download or read book Investment In Startups And Small Business Financing written by Farhad Taghizadeh-hesary and published by World Scientific. This book was released on 2021-08-03 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful startups and small businesses can play a significant role in economic growth and job creation. They also contribute to economic dynamism by spurring innovation and injecting competition. Startups are known to introduce new products and services that can create new value in the economy. It is notable that most startups exit within their first ten years, and most surviving young businesses do not grow but remain small. Startups and small businesses face several obstacles to their development. Accessing capital is a crucial constraint on their growth. Most startups and small businesses have difficulties getting the funds they need because of their lack of a performance track record and lack of collateral, making it difficult for lenders or investors to assess their risk. Besides, they are in the early stages of development and face a very high possibility of failure, which significantly raises financing and investment risk.Investment in Startups and Small Business Financing provides 12 thematic and case studies on new methods for bringing private investment (loans or equity) to startups and easing small businesses' access to finance (debt and capital). The contributors are senior-level policy experts and researchers from governments, think tanks, academia, and international organizations. The chapters are authored in a policy-oriented way to be understandable for the readers with a different background. This book is a precious source for the governments for adopting the right policies to develop small businesses and startups and valuable for the researchers in economics, business, and finance.

Venture Capital in Europe

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Publisher : Elsevier
ISBN 13 : 0080466079
Total Pages : 433 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis Venture Capital in Europe by : Greg N. Gregoriou

Download or read book Venture Capital in Europe written by Greg N. Gregoriou and published by Elsevier. This book was released on 2011-04-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until recently, only the United States had an active venture capital market. This is changing rapidly, as many other countries have experienced rapid growth in venture capital financing over the past five years. This book contains new scientific articles showcasing the latest research on venture capital in Europe. Venture capital investment remains a hot topic with portfolio managers, individual investors, academics worldwide. This book examines in detail all the major issues regarding venture capital investment: contracting, financing, regulation, valuation, etc. and identifies new trends in the venture capital arena. Features a foreword by Josh Lerner. *The only book in which academics from around the world present the latest research on venture capital in Europe *Covers all of Europe as well as including overview papers about venture capital industry, public and private venture capital, valuation, financing, contracting, structuring, regulation, etc. *Comprehensive, authoritative coverage

Learning and Signalling in the French and German Venture Capital Industries

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Learning and Signalling in the French and German Venture Capital Industries by : Michael Stolpe

Download or read book Learning and Signalling in the French and German Venture Capital Industries written by Michael Stolpe and published by . This book was released on 2003 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Start-up-Financing. Early-Stage Start-ups Based on Digital Business Models

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Publisher : GRIN Verlag
ISBN 13 : 3346519325
Total Pages : 67 pages
Book Rating : 4.3/5 (465 download)

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Book Synopsis Start-up-Financing. Early-Stage Start-ups Based on Digital Business Models by : Livia Mironica

Download or read book Start-up-Financing. Early-Stage Start-ups Based on Digital Business Models written by Livia Mironica and published by GRIN Verlag. This book was released on 2021-10-20 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2021 in the subject Business economics - Company formation, Business Plans, grade: 1.3, University of Dusseldorf "Heinrich Heine", language: English, abstract: This bachelor thesis aims to clarify which financing options exist for early-stage start-ups. These are systematized into private and public investment recourses and are explained individually. Given that digital start-ups have different goals and financial needs, this work aims to identify and evaluate the benefits and drawbacks of different sources of financing, ranging from lower investment funding to high-volume funding. In addition, this thesis is intended to provide an overview of the distinction between financing programs that will facilitate the decision of the entrepreneur when selecting the right mix of financing instruments for their digital start-up. Therefore, the motivation of this thesis is to present and critically assess different types of funding sources for early-stage digital start-ups in Germany and compare all relevant factors when choosing a particular financing instrument.

The art of Venture Capital

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Publisher : Francesco Saverio Canepa
ISBN 13 :
Total Pages : 263 pages
Book Rating : 4./5 ( download)

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Book Synopsis The art of Venture Capital by : FRANCESCO SAVERIO CANEPA

Download or read book The art of Venture Capital written by FRANCESCO SAVERIO CANEPA and published by Francesco Saverio Canepa . This book was released on 2024-03-21 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: All the practical tools and operational advice from an expert to best present your business idea. The book offers direct access to a wide selection of additional online resources, including insights via case studies, an extensive collection of practical templates and models, examples of contractual agreements, and a comprehensive and up-todate contacts list of Venture Capital players operating in Australia, Canada, France, Germany, India, Israel, UK, and the US.

The Future of the German Economy

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Publisher : Manchester University Press
ISBN 13 : 9780719060106
Total Pages : 164 pages
Book Rating : 4.0/5 (61 download)

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Book Synopsis The Future of the German Economy by : Rebecca Harding

Download or read book The Future of the German Economy written by Rebecca Harding and published by Manchester University Press. This book was released on 2000 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Flagships of Imperialism is the first scholarly monograph on the history of the P&O shipping company, and the first history of P&O to pay due attention to the context of nineteenth century imperial politics which so significantly shaped the company's development. Based chiefly on unpublished material from the P&O archives and the National Archives, and on contemporary official publications, the book covers the crucial period from the company's origins to 1867. After presenting new findings about the company's origins in the Irish transport industry, the book charts the extension of the founders' interests from the Iberian peninsula to the Mediterranean, India, China and Australia. In so doing it deals with the development of the necessary financial infrastructure for P&O's operations; the founders' attitudes to technical advances; the shareholding base; the company's involvement in the opium trade, and with its acquisition of mail, Admiralty and other government contracts. It was the P&O's status as a government contractor which, above all else, implicated its fortunes in the wider politics of empire, as illustrated by the book's concluding account of the company's rescue from the edge of a financial precipice by the award of a new government mail contract prompted, among other things, by the Abyssinian expedition of 1867. Flagships of Imperialism will be of interest to transport and company historians and to historians of the British empire alike, as well as to anyone interested in the history of British ships and shipping in the nineteenth century.

The Innovation Imperative Contributing to Productivity, Growth and Well-Being

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Publisher : OECD Publishing
ISBN 13 : 9264239812
Total Pages : 272 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis The Innovation Imperative Contributing to Productivity, Growth and Well-Being by : OECD

Download or read book The Innovation Imperative Contributing to Productivity, Growth and Well-Being written by OECD and published by OECD Publishing. This book was released on 2015-10-14 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Well-timed and targeted innovation boosts productivity, increases economic growth and helps solve societal problems. But how can governments encourage more people to innovate more of the time? And how can government itself be more innovative? The OECD Innovation Strategy provides a set of ...

Venture Capital and Firm Performance

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Publisher : Routledge
ISBN 13 : 1351666851
Total Pages : 236 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis Venture Capital and Firm Performance by : Jaeho Lee

Download or read book Venture Capital and Firm Performance written by Jaeho Lee and published by Routledge. This book was released on 2017-08-15 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an analysis of the impact on underpricing and long-term performance of venture capital in IPOs, and of the ownership characteristics of venture capital companies. It investigates the performance of IPOs in Korea during the dot-com bubble-and-bust period. The book looks at venture capital firms and their participation, their reputation, and conflicts of interests, particularly in the context of the development of a new secondary stock market in an emerging market and these factors affect the pricing and performance effects of IPO firms. This book is a useful reference to those interested in promoting an active KOSDAQ type of stock market, and understanding how venture capitalists and their institutional affiliation may reduce information asymmetry and add value of IPO firms.

Strategic Alliances and Process Redesign

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Publisher : Walter de Gruyter
ISBN 13 : 311087119X
Total Pages : 329 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Strategic Alliances and Process Redesign by : Alexander Gerybadze

Download or read book Strategic Alliances and Process Redesign written by Alexander Gerybadze and published by Walter de Gruyter. This book was released on 2011-07-11 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt:

BoogarLists | Directory of European Venture Capital

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Author :
Publisher : BoogarLists
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4./5 ( download)

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Book Synopsis BoogarLists | Directory of European Venture Capital by :

Download or read book BoogarLists | Directory of European Venture Capital written by and published by BoogarLists. This book was released on with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: