Venture capital, angel financing, and crowdfunding have evolved and matured in the entrepreneurial finance market. These market developments have also been accompanied by a growing body of research. In this paper, we provide an overview of a vast body of literature in the field of...

The market for secondary venture capital transactions provides a way for investors to obtain liquidity if the investee start-up corporation has not yet reached sufficient maturity for an IPO. It also creates divestment opportunities for badly performing ventures that investors would rather...

Governmental venture capital funds (GVCs) are created by policymakers around the world to support young innovative companies (YICs) with the aim of “bridging the equity gap”. In this paper, we study the heterogeneity in the design of GVC programs in Europe and identify the design features...

Die Gründungs- und Wachstumsfinanzierung umfaßt eine Vielzahl von Maßnahmen, die den Unternehmensaufbau- und frühen Expansionsprozeß vor allem junger, innovativer Unternehmen begleitet. Der erste Hauptteil des Werkes enthält