Guilhon, Bernard
Venture Capital and the Financing of Innovation
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.
Keywords: Business & Finance, Institutional & Corporate Finance, Business & Finance, Institutional & Corporate Finance
- Author(s)
- Guilhon, Bernard
- Publisher
- John Wiley and Sons, Inc.
- Publication year
- 2019
- Language
- en
- Edition
- 1
- Page amount
- 196 pages
- Category
- Economy
- Format
- Ebook
- eISBN (ePUB)
- 9781119693581
- Printed ISBN
- 9781786300690