This survey article summarises the findings of four research projects on the venture capital industry in Europe and the role played by legal institutions and the legal framework. A study on patent litigation insurance argues that insurance can create a level playing field for small innovators,...

The exit process in venture capital (VC) financing is important to understand since many venture capital firms provide funding to initial public offerings (IPOs) for only a limited amount of time.The decision to disinvest is based on a variety of factors, which are explored here.An explanation...