IPO Research

Author: Bob Zider

Source: Harvard Business Review

How venture capital works (1998) 478KB

Abstract

The U.S. venture-capital industry is envied throughout the world as an engine of econimic growth. Although the collective imagination romanticized the industry, separating the popular myths from the current realities is crucial to understanding howw this importants piece of the U.S. economy operates. For enterpreneures (and would-be enterpreneurs), such as analysis may prove especially beneficial.

Contents

• I. Venture capital fills a void.
• II. Sufficient returns at acceptable risk.
• III. Timing is everything.
• IV. Attractive returns for the VC.
• V. The upside for entrepreneurs.