Venture Capital and the Inventive Process: VC Funds for Ideas-Led Growth

Agmon, Tamir; Sjögren, Stefan

The inventive process is the most important driver of economic growth. Venture capital (VC) funds have contributed a small, but critical, part to the inventive process. VC funds boost the inventive process by selecting a small number of radical ideas out a large flow of ideas and invest in their testing, development and commercialization. They bring together capital from general savings, management capabilities and business experience. When successful, VC-backed companies can contribute substantially to the welfare of society. 

In this book, VC funds are discussed in the context of macroeconomics, industrial organization, financial intermediation and financial economics. The authors adopt a comprehensive overview to provide clearer insight into the role of VC funds in the capital market and the way they operate.

Details

Published by: Palgrave Pivot

Publication Date: 2016-06-03

Format: Hardcover

ISBN-13: 9781137536594

DOI: 10.1057/978-1-137-53660-0

Dimensions: 210cm x148cm

Pages: 123