1.

Record Nr.

UNINA9910555252603321

Autore

Guilhon Bernard

Titolo

Venture capital and the financing of innovation / / Bernard Guilhon

Pubbl/distr/stampa

London : , : ISTE Limited

Hoboken, New Jersey : , : John Wiley & Sons, Incorporated, , [2020]

©2020

ISBN

1-119-69355-1

1-119-69351-9

1-119-69358-6

Edizione

[First edition.]

Descrizione fisica

1 online resource (201 pages)

Collana

Innovation between Risk and Reward Set ; ; Volume 6

Disciplina

332.04154

Soggetti

Venture capital

Technological innovations - Finance

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Sommario/riassunto

The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France.  This book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations.