Book description
An essential guide to venture capital
Studies have shown that venture capital backed entrepreneurial firms
are on average significantly more successful than non-venture capital
backed entrepreneurial firms in terms of innovativeness,
profitability, and share price performance upon going public.
Understanding the various aspects of venture capital is something
anyone in any industry should be familiar with.
This reliable resource provides a comprehensive view of venture
capital by describing the current state of research and best practices
in this arena. Issues addressed include sources of capital-such as
angel investment, corporate funds, and government funds-financial
contracts and monitoring, and the efficiency implications of VC
investment, to name a few.
- Opens with a review of alternative forms of venture capital
- Highlights the structure of venture capital investments
- Examines the role venture capitalists play in adding value to
their investee firms
This informative guide will help you discover the true potential of
venture capital.
DOUGLAS CUMMING, CFA, PhD, JD, is an Associate
Professor of Finance and Entrepreneurship and the Ontario Research
Chair at the Schulich School of Business, York University. His
research is primarily focused on law and finance, market surveillance,
hedge funds, venture capital, private equity, and IPOs, and he has
published over fifty refereed articles in leading journals. Cumming
was the recipient of the 2009 Canadian Institute of Chartered Business
Valuators Research Award, the 2008 Paolo Baffi Centre on Central
Banking and Financial Regulation Research Award, the 2008 AIMA
Canada-Hillsdale Research Award, the 2005 PWC Global Competency
Research Excellence Award, and the 2004 Iddo Sarnat Annual Memorial
Award for the best paper published in the Journal of Banking and
Finance. He is a research associate with numerous financial and
educational groups, and consults for a variety of governmental and
private organizations, including Wilshire Associates. Cumming is
coauthor (along with his wife, Sofia Johan) of the new book Venture
Capital and Private Equity Contracting: An International
Perspective.
