The Venture Capital Deformation - Darek Klonowski

The Venture Capital Deformation

Value Destruction throughout the Investment Process

(Autor)

Buch | Hardcover
XIX, 331 Seiten
2017 | 1st ed. 2018
Springer International Publishing (Verlag)
978-3-319-70322-0 (ISBN)
149,79 inkl. MwSt
In spite of the robust development of venture capital that has occurred over the last three decades, returns from venture capital have been declining. This book focuses on a simple question: why? The answer lies in the context of multiple deformations that have occurred throughout the venture capital process. The book critically assesses the ways in which interactions between different stakeholders in the venture capital ecosystem change (or "deform") venture capital, decreasing its value. Klonowski also reveals that venture capital actually has few benefits-and some outright disadvantages-for entrepreneurs, and it can create a self-perpetuating cycle of investment and loss for the entire venture capital industry. This is especially true as corporate governance and compensation structures may create significant misalignments, incongruities, and conflicts of interest between general and limited partners.

Darek Klonowski is Professor of Business Administration at Brandon University, Canada. Prior to joining academia, he worked in the venture capital and private equity industry. He has published three books with Palgrave Macmillan: The Venture Capital Investment Process (2010), Private Equity in Poland (2011), and Private Equity in Emerging Markets (2012).

1. Venture Capital: A Closer Look behind the Curtain.- 2. Maturation, Segmentation, and Competition in the Venture Capital Industry.- 3. Fund Formation: Structural and Operational Deformations in Venture Capital.- 4. Deal Generation: Optimal Modes of Entrepreneurial Value Creation.- 5. Screening and Evaluation: Misguided Investigation of Entrepreneurial Firms.- 6. Deal Completion: Inequitable Agreements in Venture Capital Contracting.- 7. Monitoring: The Venture Capital Barren Toolbox for Entrepreneurial Activity.- 8. Exiting: Distressed Value Realization in Venture Capital.- 9. Venture Capital: "Subprime" Returns and the Value Chain Analysis.- 10. Improving the Substandard Venture Capital Model.

Erscheinungsdatum
Zusatzinfo XIX, 331 p. 27 illus., 26 illus. in color.
Verlagsort Cham
Sprache englisch
Maße 148 x 210 mm
Gewicht 585 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Allgemeines / Lexika
Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Betriebswirtschaft / Management Unternehmensführung / Management
Schlagworte Bootstrapping • Entrepreneurial Development • General Partner • j-curve • Limited Partner • n-arch • Private Equity • venture capital investment
ISBN-10 3-319-70322-6 / 3319703226
ISBN-13 978-3-319-70322-0 / 9783319703220
Zustand Neuware
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