Business, Management and Accounting
4 years ago

Unveiling the Inner Workings of Venture Capital Organizations: High Risk, High Potential

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Routledge eBooks
The structure and governance of venture-capital organizations
William A. Sahlman

Paper Summary

Venture-capital organizations raise money to invest in risky early-stage businesses with high potential. The structure and governance of these organizations, including relationships between investors and venture capitalists, are analyzed. The focus is on addressing agency problems through contracts and procedures. Venture-capital organizations are compared to large corporations and leveraged buyout firms.

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