SMART MONEY.;INFLUENCE OF VENTURE CAPITALISTS ON HIGH POTENTIAL COMPANIES
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
[S.l.] :
DUNCKER & HUMBLOT,
2020.
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Colección: | Entrepreneurial and financial studies.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Foreword
- Acknowledgments
- Table of Contents
- Table of Figures
- Table of Abbreviations
- Table of Interview Partners
- 1 Introduction
- 1.1 Relevance of Smart Money
- 1.2 Aims of Analysis
- 1.3 Research Approach and Dataset
- 1.4 Structure of Analysis
- 2 Characteristics of High Potential Companies
- 2.1 Introductory Remarks
- 2.2 Fundamentals of the Resource-based View
- 2.2.1 Resources in Strategic Management Research
- 2.2.2 Resources and Competitive Advantage
- 2.2.3 A Comprehensive Resource-based View
- 2.3 Resource Profile of High Potential Companies
- 2.3.1 Resource Needs in Stage Models
- 2.3.2 Resource Categorization
- 2.3.3 Technological Resources
- 2.3.4 Financial Resources
- 2.3.5 Managerial Resources
- 2.3.6 Personnel Resources
- 2.3.7 Physical Resources
- 2.3.8 Organizational Resources
- 2.3.9 Reputational Resources
- 2.3.10 Social Resources
- 2.4 Mechanisms to Fill the Resource Gap
- 2.5 Return and Risks of Investments in High PotentialCompanies
- 2.5.1 Investment Decision Trade-Off
- 2.5.2 High Expected Return
- 2.5.3 High Risks
- 2.5.3.1 Liability of Newness
- 2.5.3.2 Liability of Smallness
- 2.5.3.3 Uncertainty of Supply
- 2.5.3.4 Uncertainty of Demand
- 2.5.3.5 Competitive Uncertainty
- 2.5.3.6 Dependency on Founders
- 3 Business Model of Venture Capital Firms
- 3.1 Introductory Remarks
- 3.2 Definition of Business Model Concept
- 3.3 Customers of Venture Capital Firms
- 3.4 Value Creation Architecture of Venture Capital Firms
- 3.4.1 Organizational Structure
- 3.4.2 Personnel Structure
- 3.4.3 Refinancing Process
- 3.4.3.1 Overview
- 3.4.3.2 Fundraising Process
- 3.4.3.3 Investor Relations Process
- 3.4.3.4 Distribution of Returns Process
- 3.4.4 Investment Process
- 3.4.4.1 Overview
- 3.4.4.2 Investment Origination
- 3.4.4.3 Investment Due Diligence
- 3.4.4.4 Investment Structuring
- 3.4.4.5 Investment Development
- 3.4.4.6 Investment Exit
- 3.5 Customer Value Proposition of Venture Capital Firms
- 3.5.1 Enhancement of Performance of Portfolio Companies
- 3.5.2 Enhancement of Asset Allocation of Investors
- 3.6 Profit Model of Venture Capital Firms
- 3.6.1 Management Fee
- 3.6.2 Participation in Value Creation
- 4 Venture Capitalists' Influence through Contractual Agreements
- 4.1 Introductory Remarks
- 4.2 Deal-specific Risks for Venture Capital Firms
- 4.2.1 Risk of False Investment Decision
- 4.2.2 Risk of Managerial Opportunism
- 4.2.3 Risk of Competitive Opportunism
- 4.2.4 Risk of Unfavorable Decision-Taking
- 4.2.5 Risk of Exit Obstruction
- 4.3 Influence through Contractual Provisions
- 4.3.1 Information Rights
- 4.3.2 Conversion Rights
- 4.3.3 Control Rights
- 4.3.3.1 Voting Rights
- 4.3.3.2 Veto Rights
- 4.3.3.3 Supervisory Board Representation Right
- 4.3.4 Management Covenants
- 4.3.4.1 Affirmative Covenants
- 4.3.4.2 Non-Compete Clause
- 4.3.4.3 Vesting