The decline of venture capital
Venture capital is a means of financing the growth of companies with a technologically innovative product, the investor's objective is the realisation of capital gains on the sale of his shareholding. The history of venture capital in the US and the UK is examined. After attracting great interest in the late 1960s and early 1970s, activity in the venture capital field has declined significantly. The reasons for this decline are analysed and it is suggested that a recovery of interest is unlikely.
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Volume (Year): 5 (1977)
Issue (Month): 6 ()
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