In view of Germany's lackluster economic performance during the 1990s, i. e., at a time when the American economy was booming, a relative lack of venture capital vis-a-vis the United States was lamented in Germany. Ger man government programs meant to help raise venture capital in order to fi nance "predominantly young, technologically innovative, unlisted small- and medium-sized enterprises which, despite low current profitability, are consid ered to have a suflficiently large growth potential," (Deutsche Bundesbank) were to a large extent unsuccessful since their inception in the 1960s. It...
In view of Germany's lackluster economic performance during the 1990s, i. e., at a time when the American economy was booming, a relative lack of vent...
