Venture Capital Contracting and the Valuation of High-technology Firms by Joseph A. McCahery (Editor), Luc Renneboog (Editor)
Publisher: Oxford University Press, USA (February 27, 2004) | ISBN-10: 0199270139 | PDF | 2 Mb | 536 pages
Venture capitalists are specialized intermediaries that channel capital to firms and professional services to companies that might otherwise be excluded from the corporate debt market and other sources of private finance. Venture capital financing is used to invest mainly in small and medium size firms with good growth and exit potential. Typically, venture capital firms concentrate in industries with a great deal of uncertainty, where the information gaps among entrepreneurs and venture capitalist are commonplace.