Venture Capital Redefined : The Economic, Political, and Social Impact of COVID on the VC Ecosystem

• Autore: Klonowski Darek
• Pubblicazione: Cham : , : Springer International Publishing AG, , 2021; ©2022
• Descrizione fisica: 1 online resource (295 pages)
• Disciplina: 332.04154
• Soggetto genere / forma: Electronic books.
• Nota di contenuto: Intro -- Preface -- The Book's Structure -- The Contribution of This Book -- Future Research -- Acknowledgments -- Contents -- List of Figures -- List of Tables -- Part I Introduction: Venture Capital and Its External Environment in the Age of Covid -- 1 Venture Capital Prior to the Age of COVID -- Venture Capital: Definitions, Characteristics, and Publicity -- Characteristics of Venture Capital -- Venture Capital and Its Contribution to Entrepreneurial Development -- Venture Capital in the Mainstream Media -- Venture Capital and Entrepreneurial Development: Advantages and Disadvantages -- Conflicts Between Venture Capitalists and Entrepreneurs -- Historical Trends in the Venture Capital Industry -- Venture Capital Returns: A Historical Perspective -- Maturation of the Venture Capital Industry -- Summary of Venture Capital in a Pre-COVID Era -- Bibliography -- 2 Political Reactions and SocioEconomic Consequences of COVID: Implications for Venture Capital -- Political Reactions: The COVID-Response -- Lockdowns, Social-Distancing, and Masks -- Social and Human Implications of Restrictions -- Economic Consequences of Political COVID-Response -- Small Business in Crisis -- Socioeconomic Drifts Post COVID-Response: Implications for Venture Capital -- The Impact of Political, Social, and Economic Changes on the Venture Capital Industry -- Bibliography -- Part II The Venture Capital Industry Redefined -- 3 Transformations in the Venture Capital Ecosystem Post COVID-Response -- The General Structure of the Venture Capital Industry -- Re-Characterization of Venture Capital Relationships -- Venture Capitalists and Limited Partners -- Venture Capitalists and Entrepreneurs -- Venture Capitalists' In-House Operations Post COVID-Response -- Venture Capital and Its Relations with Other Stakeholders -- The Venture Capital Industry Re-Imagined. ; Global Consolidation of General Partners -- Global Pooling of Limited Partners -- The Futuristic Architecture of the Venture Capital Industry -- The Evolution of the Venture Capital Industry and Entrepreneurs -- Bibliography -- 4 Venture Capital Post COVID-Response: External Environmental Scanning and Investment Opportunities -- Undercurrents in the Peripheral Ecosystem -- Changes to Global Industrial Structures -- Alterations to Consumer Behavior -- Digitization of the Human Universe -- Home as the Center of Human Gravity -- Accelerated Deterioration of Physical and Mental Health -- Abolition of the Middle Class in Developed Countries -- The Squeeze of the Middle Class in the United States -- The Economic Distress of the Middle Class in Canada -- The Rise of the Middle Class in Emerging Markets -- Sectoral Orientation of Venture Capital in the Future -- The Future of Venture Capital Investment Opportunities in Specific Segments -- Sources of Venture Capital Transactions Post COVID-Response -- Bibliography -- 5 The Venture Capital Investment Process Redefined -- Disrupted Deal Generation -- Weak Deal Generation Post COVID-Response -- Compromised Deal Screening and Evaluation -- Compromised Due Diligence in Venture Capital -- More Adverse Selection Problems in Venture Capital -- Complexities in Financial Contracting in Venture Capital -- Additional Lopsided Agreements in Venture Capital Contracting -- Substantial Contractual Amendments to Buyout Transactions -- Challenging Value-Addition to Investee Firms -- Difficulties in Working with Portfolio Firms -- Exiting in Venture Capital -- Challenges in Venture Capital Exiting -- Bibliography -- 6 Degeneration of Future Venture Capital Performance -- Fund Formation and Venture Capital Performance -- The Cost of Venture Capital Services -- Carried Interest: Friend or Foe?. ; Value-Chain Analysis of Venture Capital Performance -- Venture Capital Performance: History and Future -- Another Look at the Historical Performance of Venture Capital -- Longitudinal Impact and Venture Capital Performance in the Future -- Profiling General Partners and Financial Performance -- The Superior Venture Capitalist -- The Inferior Venture Capitalist -- Venture Capital Performance: Conclusions -- Bibliography -- Part III Entrepreneurship Redefined Post Covid-Response -- 7 COVID-Response and Entrepreneurship in Crisis -- Traditional Entrepreneurship Defined -- Entrepreneurship in the Age of Covid-Response -- Re-Evaluation of the Fundamentals for Entrepreneurial Success -- Magnification of Entrepreneurial Risks: The State -- Disruption of Relations in the Entrepreneurial Ecosystem -- Changes to Entrepreneurial Value Creation -- Entrepreneurial Survivability in the Age of COVID-Response -- Conclusions -- Bibliography -- 8 Amplified Challenges in Access to Entrepreneurial Finance in the Age of COVID-Response -- Financial Management of Entrepreneurial Firms Post COVID-Response -- Entrepreneurial Firms and Financial Management Post COVID-Response -- Problems with Access to Finance Post COVID-Response -- Problematic Access to Entrepreneurial Finance -- The Growth of Fintech as an Important Contributor of Entrepreneurial Finance -- Government Assistance Programs Post COVID-Response -- Conclusions: Access to Finance and the Financial Management of Entrepreneurial Firms in the Age of COVID-Response -- Bibliography -- Part VI Conclusions: Venture Capital in the Age of Covid -- 9 Descent or Revival of Venture Capital in the Age of COVID -- Four Pillars of the Global Venture Capital Ecosystem -- The Revival of Venture Capitalism -- Stimulation of the Entrepreneurial Ecosystem -- Possible Enhancements in the GP Market. ; LPs as the Engine of Change in the Venture Capital Ecosystem -- Assistance from the State for the Venture Capital Ecosystem -- Evidence for the Descent of Venture Capital -- Prolonged State of Entrepreneurial Crisis -- A Spillover Effect of Entrepreneurial Challenges to GPs -- LPs' Continued Dislocation -- Continued Negative Interference from the State -- Revival or Descent of the Industry in the Age of COVID -- The Possibility of Accelerated Evolution Within the Venture Capital Industry -- Venture Capital and Key Numbers -- Bibliography -- Index.
• Titolo autorizzato: Venture Capital Redefined
• ISBN: 3-030-83387-9
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910506390603321
• Lo trovi qui: Univ. Federico II