This paper analyses the impact of public equity schemes on venture capitalist's incentives to finance start-up enterprises and to support the management teams. In a double-sided moral hazard model, it is shown that experienced venture capitalists, who have already financed start-up enterprises,...

Using an agency framework, this paper examines advantages of offering venture capitalists a choice between public equity and loan schemes. Both schemes can be used to promote venture capital investments in hightechnology enterprises since they encourage inexperienced venture capitalists to...

Intro -- Table of Contents -- Foreword, by Mark Anderson -- Preface -- Acknowledgments -- Introduction -- 1. Deep Science Disruption -- 2. The U.S. Deep Science Innovation Ecosystem -- 3. Deep Science and the Evolution of American Venture Capital -- 4. Diversity Breakdown in Venture Investing --...