The Venture Capital Deformation: Value Destruction Throughout the Investment Process

ISBN-13: 9783319703220 / Angielski / Twarda / 2017 / 331 str.

Darek Klonowski

Opis

In spite of the robust development of venture capital that has occurred over the last three decades, returns from venture capital have been declining.

Spis treści

PART I—Introduction to Venture Capital

1. Venture Capital: A Closer Look behind the Curtain

2. Maturation, Segmentation, and Competition in the Venture Capital Industry

PART II—Venture Capital Deformations throughout the Investment Process

3. Fund Formation: Structural and Operational Deformations in Venture Capital

4. Deal Generation: Optimal Modes of Entrepreneurial Value Creation

5. Screening and Evaluation: Misguided Investigation of Entrepreneurial Firms

6. Deal Completion: Inequitable Agreements in Venture Capital Contracting

7. Monitoring: The Venture Capital Barren Toolbox for Entrepreneurial Activity

8. Exiting: Distressed Value Realization in Venture Capital

PART III—Conclusions: The Venture Capital Industry at the Crossroads

9. Venture Capital: “Subprime” Returns and the Value Chain Analysis

10. Improving the Substandard Venture Capital Model

O autorze

Darek Klonowski is Professor of Business Administration at Brandon University, Canada. Prior to joining academia, he worked in the venture capital and private equity industry. He has published three books with Palgrave Macmillan: The Venture Capital Investment Process (2010), Private Equity in Poland (2011), and Private Equity in Emerging Markets (2012).