Description
Book SynopsisThis highly accessible book brings together the insights of leading academics and researchers to promote a better understanding of the role of private equity providers in the development of growth-oriented start-ups and the management of growth processes.
The book explores the domain of start-up and business venturing, and within this realm, the perspectives of the entrepreneur, the venture capitalist, the financial community and the role of government in private equity are considered. Specifically, topics discussed include:
- the venture capital industry
- investment in venture capital funds in Europe
- the Equity Gap
- European private equity funds
- the role of private equity in the creation of university spin-out companies
- motivation of entrepreneurs towards private equity operations.
Providing theoretical frameworks together with practical conclusions and implications, this book will be warmly welcomed by academics and practitioners alike. It will be of particular value to scholars with an interest in business, management and entrepreneurship, to investment professionals and policy advisors involved in stimulating entrepreneurship, and, of course, to entrepreneurs themselves.
Trade Review'. . . an interesting compilation of studies within a field of venture capital and entrepreneurship. . . will be of interest to various stakeholders such as investors, entrepreneurs and policymakers who are interested in the financing of young ventures. To some extent the book can be regarded as a gateway to scientific knowledge within the field.' -- Hans Landstrom, International Small Business Journal
Table of ContentsContents: Preface Foreword Reinhard Büscher Introduction PART I: THE FINANCIAL COMMUNITY’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY 1. Investment in Venture Capital Funds in Europe Simon Barnes and Vanessa Menzies 2. An Analysis of the Selection Behaviour of Early-Stage High-Tech Investors in Europe Bart Clarysse, Mirjam Knockaert, Andy Lockett and Caroline Van Eeckhout 3. Private Equity Investors, Corporate Governance and Professionalization Christof Beuselinck, Sophie Manigart and Tom Van Cauwenberge 4. The Impact of Capital Inflows and Management Skills on the Performance of European Private Equity Funds Christoph Kaserer and Christian Diller 5. Business Angels Academies: Unleashing the Potential for Business Angel Investment Juan Roure, Rudy Aernoudt and Amparo de San José Riestra PART II: THE ENTREPRENEUR’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY 6. The Motivation of Entrepreneurs Toward Private Equity Financing: A Laddering Approach Gabriele Morandin, Massimo Bergami and Richard P. Bagozzi 7. What Factors Determine the Use of Venture Capital? Evidence from the Irish Software Sector Teresa Hogan and Elaine Hutson 8. Cross-Border Venture Captalists’ Support for the Internationalization of New Software Ventures Markus M. Mäkelä and Markku V.J. Maula 9. Venture Capitalists’ Communication and Commitment: A Practitioner’s Perspective Dirk De Clercq and Vance H. Fried PART III: PRIVATE EQUITY AND THE ROLE OF PUBLIC POLICY IN EUROPE 10. Private Equity and the Development of University Spin-Out Companies Mike Wright and Andy Lockett 11. Dynamics of University Spin-Out Companies: Entrepreneurial Ventures of Technology Lifestyle Businesses? Richard T. Harrison and Claire M. Leitch 12. Through a Glass Darkly: New Perspectives on the Equity Gap Gordon Murray and Dimo Dimov 13. Innovation, Technology Transfer and the Equity Gap: A European Perspective Tom Schamp Index
