Author : Kshitija Joshi
Publisher : Cambridge University Press
Page : 219 pages
File Size : 36,43 MB
Release : 2020-10-29
Category : Business & Economics
ISBN : 1108836348
Studies investment, portfolio involvement and exit strategies of venture capital firms investing in high-technology early-stage start-ups in India.
Author : Kshitija Joshi
Publisher : Cambridge University Press
Page : 219 pages
File Size : 32,24 MB
Release : 2020-10-29
Category : Business & Economics
ISBN : 1108883494
This book studies diverse categories of venture capital (VC) firms in India based on their ownership type (domestic vs foreign), stage of investment (early vs growth stage) and VC investment team composition (entrepreneurial experience vs investing experience). For each category of VC firms, the nuances in their investment, portfolio involvement and exit strategies are separately analysed. Employing the framework of information asymmetry, the book studies how different categories of VC firms rely on distinct mechanisms such as deal syndication and domain specialization to address the ensuing adverse selection and agency risks. It also delves into the macro context by assessing whether the emergence of VC in India has been driven by 'pull' or 'push' factors. This is accomplished by analysing in depth the supply and demand of VC funds. Finally, it critically reviews the existing policies of entrepreneurial finance and arrives at recommendations for future directions of the same.
Author : Silvia B. Sagari
Publisher : World Bank Publications
Page : 68 pages
File Size : 23,52 MB
Release : 1991
Category : Capital industrial
ISBN :
Venture capital may play an important role in supporting entrepreneurial development and small business growth. But institutional arrangements and instruments must be carefully chosen, taking into account the lessons from countries where venture capital has been a reality now for a few years. The Bank's role should be largely to disseminate these lessons.
Author : J C Verma
Publisher : SAGE Publications Pvt. Limited
Page : 386 pages
File Size : 43,46 MB
Release : 1997
Category : Business & Economics
ISBN :
Providing a balanced presentation of the practice of venture capital financing in India in the light of global experience, this book offers detailed coverage of the practices and procedures adopted by the venture capital industry in India as well as its operational performance, and profiles of all venture capital companies operating in India.
Author : Asim Kumar Mishra
Publisher :
Page : 280 pages
File Size : 43,71 MB
Release : 1996
Category : Venture capital
ISBN :
Author : United States. General Accounting Office
Publisher :
Page : 130 pages
File Size : 22,68 MB
Release : 1982
Category : Small business
ISBN :
Author : Rafiq Dossani
Publisher :
Page : 48 pages
File Size : 20,66 MB
Release : 2001
Category : Business enterprises
ISBN :
Author : Vandana Panwar
Publisher :
Page : 0 pages
File Size : 29,12 MB
Release : 2009
Category : New business enterprises
ISBN : 9788177082227
ABOUT THE BOOK Venture capital funding is an increasingly important area for entrepreneurial ventures in both industrialized and developing countries. Venture capital has become especially important in India in developing information technology (IT) sector. Venture capital is a form of equity financing in which the investor actively participates in the venture being financed. Although the concept as such is very old, a formal market for venture capital in the US started only after World War II. A venture capital firm manages funds provided by investors and directs them to the most promising ventures, mainly in the form of equity. This volume, which includes 13 case studies, provides an exhaustive account of the theory and practice of venture capital firms. The reader will gain insight into the operation of venture capital funding in India. The book examines in detail the contracts between venture capital firms and entrepreneurs to determine what provisions are included in these contracts that help in decision-making such as appraisal, screening, self-selection, monitoring, incentivizing and divestment. Experiences of other countries in managing venture capital operations are also explained in the book.
Author : Andrew Metrick
Publisher : John Wiley and Sons
Page : 1153 pages
File Size : 16,86 MB
Release : 2011-06-15
Category : Business & Economics
ISBN : 1118137884
This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.
Author : Duong Thuy Do
Publisher :
Page : 48 pages
File Size : 12,70 MB
Release : 2013
Category : Venture capital
ISBN : 9781303254857
This paper presents new empirical evidence on the certification role of venture capital firms in India, an economy characterized by a high degree of information asymmetry. We first present a detailed description of venture capital activity in India between 2000 and 2012. We then analyze the post-issue operating performance of firms that underwent initial public offering (IPO) firms. Results indicate that Indian IPO firms underperform relative to industry medians in the first three years after going public. Finally, we compare operating performance between venture capital (VC) backed IPO firms and non-VC backed IPO firms. Results indicate that VC backed IPO firms are associated with higher growth rates in sales and capital expenditures and a better performance in operating cash flows but are less profitable than non-VC backed IPO firms.
