publication . Article . 2011

The Internationalization of Venture Capital: Challenges and Opportunities

Thomas Gstraunthaler; Galina Sagieva;
Open Access
  • Published: 01 Jan 2011 Journal: Foresight-Russia, volume 5, issue 4, pages 66-76
Abstract
This paper attempts to summarize and systematize the landscape of the global venture capital industry. It presents major basic business models and investment strategies, assesses the contribution of venture capital (VC) to economic growth, and the incentives and constraints for VC’s development, and it identifies research gaps in this area. Venture capital is often regarded as the only source of support for start-ups, particularly for those in high-tech innovative sectors. The authors explore the reasons for this. In contrast to more traditional investors, VCs provide targeted investment, and they maintain a long-term strategic focus. Financial capital is only o...
Subjects
free text keywords: venture funding; venture capital; innovative company; innovation startup; capital market; venture investment; venture capitalist; venture fund; regional pattern, jel:G24

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