Showing 1 - 10 of 182,555
This paper investigates the implications of the fair value protections contemplated by the standard corporate contract (i.e., the standard contract form for which corporate law provides) for the entrepreneur-venture capitalist relationship, focusing, in particular, on unavoidable...
Persistent link: https://www.econbiz.de/10012668090
Innovative firms with good ideas may still struggle to fine-tune them to the stage where they can attract outside funding. We conduct a five-country randomized experiment that tests the impact of an investment readiness program. Firms then pitched their ideas to independent judges. The program...
Persistent link: https://www.econbiz.de/10012200841
This paper studies the interactions between corporate law and VC exits by acquisitions, an increasingly common source of VC-related litigation. We find that transactions by VC funds under liquidity pressure are characterized by (i) a substantially lower sale price; (ii) a greater probability of...
Persistent link: https://www.econbiz.de/10013279443
This Article examines a third exit option in venture capital to supplement IPOs and trade sales: secondary markets for the sale of individual ownership interests in start-ups and venture capital (VC) funds. While investors can readily buy shares in publicly-traded companies, until recently they...
Persistent link: https://www.econbiz.de/10013038538
In 2010, to a Philadelphia audience, B Lab co-founder Jay Coen Gilbert claimed that “our capitalist system is not serving society; it's serving shareholders” and stated that “we can't run around expecting different outcomes until we change the rules of the game.” Since Gilbert's talk in...
Persistent link: https://www.econbiz.de/10013053986
This paper studies the interactions between corporate law and VC exits by acquisitions, an increasingly common source of VC-related litigation. We find that transactions by VC funds under liquidity pressure are characterized by (i) a substantially lower sale price; (ii) a greater probability of...
Persistent link: https://www.econbiz.de/10013286016
Persistent link: https://www.econbiz.de/10013056267
Seven “Corporate Venturing” Strategies to Foster Innovation tackles the question: What should companies do to … accelerate innovation and remain relevant? Or, stated differently: What should companies do to avoid being disrupted by more … relationship with entrepreneurs, founders and startups. By “organizing-for-innovation” in this way, large firms give themselves the …
Persistent link: https://www.econbiz.de/10012985241
evaluating the effects of such proposed changes. First, it documents the links among VC, entrepreneurship, and innovation, and … providing incentives for venture capital (VC) investment and entrepreneurship. This article seeks to provide context for … how exit via acquisition can foster dynamic innovation, one of the stated goals of the CMA. Second, it identifies …
Persistent link: https://www.econbiz.de/10013311373
This Article shows that innovation is a process that has specific characteristics, that these characteristics give rise … tradeoff to the detriment of innovation. Innovation is a process that results in new goods, services, methods of production …, and forms of business organization. Innovation can vastly improve the welfare of consumers, investors, firms, and the …
Persistent link: https://www.econbiz.de/10014223663