Early Stage Investments In New Technology Based Firms

Author : Holger Ludewig
Publisher : diplom.de
ISBN 13 : 383241214X
Total Pages : 188 pages
Book Rating : 4.42/5 ( download)

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Download or read book Early Stage Investments in New Technology Based Firms written by Holger Ludewig and published by diplom.de. This book was released on 1999-01-04 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: In recent years the issue of early stage investment in new technology based firms has drawn considerable attention. Its relevance emerges from the rise of high technology industries in the global economy. As competition in established, mature industries all over the world is ever increasing, the importance of keeping up and increasing the speed of innovation to ensure competitiveness of companies and national wealth is widely recognized. Innovation may concern products or processes. It refers to the development of new proprietary knowledge, i. e. technology, which is embodied in marketable products or services. In as far as the added private knowledge increases the utility of a product to the customers, it adds value. Unless the new features of a product are matched by competitors, a company may earn innovation rents. Thus proprietary knowledge attained through innovation is an important source of strategic advantage. In a competitive, dynamic market, however innovation rents are not sustainable. Competitors will attempt to match and exceed the innovation advantage. This may be achieved by imitation or by adding other or more innovative features. Whereas following the product life cycle model initial growth may be steep and rents may be high for the first mover, imitators competing on price and other rivals competing on innovations, may inflate the monopolistic power of the proprietary knowledge. Striving to maintain and increase market shares and profitability, companies thus have a strong incentive to keep innovating. For new technology-based firms the importance of proprietary knowledge is particularly pronounced. These start-ups operate in a hostile competitive environment, characterized by high uncertainty, offering the potential for rapid growth and high profits on the upside, but also the substantial threat of incurring deep losses on the downside. Whereas large companies generally possess a diversified product portfolio and a host of strategic assets, small companies will need to compete on a single new product or service and the determination of its management team. Politicians, worried by high unemployment and budget deficits, lately fell in love with the high-technology start-ups for their ability to create jobs and ensure future tax revenues. New technology-based firms are drivers of structural change in the economy in that they are among the first to enter new high growth potential industries. For [...]

Author : Ray Oakey
Publisher : Emerald Group Publishing
ISBN 13 : 0857243748
Total Pages : 250 pages
Book Rating : 4.44/5 ( download)

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Download or read book New Technology-Based Firms in the New Millennium written by Ray Oakey and published by Emerald Group Publishing. This book was released on 2010-12-13 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of the best papers presented at the High Technology Small Firm (HTSF) Conference held in the UK at Manchester Business School in June 2007. It includes chapters that are devoted to the critical problems of HTSF financing, comprising two contributions from the UK and from Sweden, the Irish Republic, Italy, and Belgium.

Author : Jens Ortgiese
Publisher : Josef Eul Verlag GmbH
ISBN 13 : 3899366212
Total Pages : 368 pages
Book Rating : 4.11/5 ( download)

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Download or read book Value Added by Venture Capital Firms written by Jens Ortgiese and published by Josef Eul Verlag GmbH. This book was released on 2007 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Phillip Ryan
Publisher : The Rosen Publishing Group, Inc
ISBN 13 : 1448867959
Total Pages : 82 pages
Book Rating : 4.50/5 ( download)

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Download or read book How Venture Capital Works written by Phillip Ryan and published by The Rosen Publishing Group, Inc. This book was released on 2012-07-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.

Author : Ali Tamaseb
Publisher : PublicAffairs
ISBN 13 : 1541768418
Total Pages : 280 pages
Book Rating : 4.13/5 ( download)

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Download or read book Super Founders written by Ali Tamaseb and published by PublicAffairs. This book was released on 2021-05-18 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Super Founders uses a data-driven approach to understand what really differentiates billion-dollar startups from the rest—revealing that nearly everything we thought was true about them is false! Ali Tamaseb has spent thousands of hours manually amassing what may be the largest dataset ever collected on startups, comparing billion-dollar startups with those that failed to become one—30,000 data points on nearly every factor: number of competitors, market size, the founder’s age, his or her university’s ranking, quality of investors, fundraising time, and many, many more. And what he found looked far different than expected. Just to mention a few: Most unicorn founders had no industry experience; There's no disadvantage to being a solo founder or to being a non-technical CEO; Less than 15% went through any kind of accelerator program; Over half had strong competitors when starting--being first to market with an idea does not actually matter. You will also hear the stories of the early days of billion-dollar startups first-hand. The book includes exclusive interviews with the founders/investors of Zoom, Instacart, PayPal, Nest, Github, Flatiron Health, Kite Pharma, Facebook, Stripe, Airbnb, YouTube, LinkedIn, Lyft, DoorDash, Coinbase, and Square, venture capital investors like Elad Gil, Peter Thiel, Alfred Lin from Sequoia Capital and Keith Rabois of Founders Fund, as well as previously untold stories about the early days of ByteDance (TikTok), WhatsApp, Dropbox, Discord, DiDi, Flipkart, Instagram, Careem, Peloton, and SpaceX. Packed with counterintuitive insights and inside stories from people who have built massively successful companies, Super Founders is a paradigm-shifting and actionable guide for entrepreneurs, investors, and anyone interested in what makes a startup successful.

Author : Oliver Pfirrmann
Publisher : Springer Science & Business Media
ISBN 13 : 3642486835
Total Pages : 165 pages
Book Rating : 4.38/5 ( download)

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Download or read book Venture Capital and New Technology Based Firms written by Oliver Pfirrmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.

Author : Ray Oakey
Publisher : Emerald Group Publishing
ISBN 13 : 1781903166
Total Pages : 250 pages
Book Rating : 4.62/5 ( download)

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Download or read book New Technology-based Firms in the New Millennium written by Ray Oakey and published by Emerald Group Publishing. This book was released on 2013-03-06 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the formation and growth problems of High Technology Small Firms (HTSFs) begun in 1993, this body of work maps the evolution of research in this area through academic research and government policy towards a sector that is the key to future prosperity of developed and developing notational economies throughout the world.

Author : Tom Eisenmann
Publisher : Currency
ISBN 13 : 0593137027
Total Pages : 370 pages
Book Rating : 4.24/5 ( download)

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Download or read book Why Startups Fail written by Tom Eisenmann and published by Currency. This book was released on 2021-03-30 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.

Author : Fritz Holger Ludewig
Publisher : GRIN Verlag
ISBN 13 : 9783867461504
Total Pages : 192 pages
Book Rating : 4.03/5 ( download)

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Download or read book Early Stage Investments in New Technology Based Firms - Analyzing the Changing German Landscape of Venture Capital Finance in the Light of Capital Market Theory and New Institutional Economics written by Fritz Holger Ludewig and published by GRIN Verlag. This book was released on 2013-09-21 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 1998 in the subject Economics - Finance, grade: 2, University of Paderborn, language: English, abstract: Gegenstand der Arbeit ist die Untersuchung der jungsten Veranderungen in der institutionellen Mikrostruktur des deutschen Kapitalmarktes, die geeignet sind die Bedingungen fur die Versorgung junger Technologieunternehmen mit Eigenkapital zu verbessern. Behandelt werden insbesondere die Funktionsweise und zunehmende Bedeutung professioneller Venture Capital-Intermediare und die hierzu komplementare Rolle des "Neuen Marktes" in Deutschland. Der Autor zeigt, wie die Finanzierung junger Technologieunternehmen durch strukturelle Imperfektionen des Kapitalmarktes in besonderem Masse beeintrachtigt wird. Unter Berucksichtigung der fundamentalen Aussagen der neoklassischen Kapitalmarkttheorie und der Neuen Institutionenokonomik wird die Hypothese entwickelt, dass die durch die Unvollkommenheit der Markte bedingten Risikopramien und Transaktionskosten im Falle von Fruhphaseninvestitionen in innovativen Unternehmen besonders hoch sind. Somit besteht im Falle dieser Investitionen eine erhebliche Spanne zwischen den vom Unternehmer zu tragenden Kapitalkosten und den vom Financier empfangenen Nettoertragen. Bestimmte Institutionen des Kapitalmarktes, d. h. spezialisierte Intermediare und regulierte Marktsegmente sind geeignet diese Spanne zwischen Kapitalkosten und Nettoertragen zu vermindern, indem nicht-projektinharente Risiken oder Transaktionskosten reduziert werden. Das fur die Investitionsentscheidung massgebliche Risiko-Rendite-Verhaltnis einer Investition wird somit durch institutionelle Rahmenbedingungen erheblich beeinflusst. Der Autor diskutiert vor diesem theoretischen Hintergrund umfassend die konkreten Veranderungen des deutschen Venture-Capital-Marktes in der jungsten Zeit und entwirft verschiedene Szenarien fur dessen zukunftige Entwicklung. Keywords: Venture Capital, Neuer Markt, Unternehmensgrundung, Innovationsmanage

Author : Ray Oakey
Publisher : Emerald Group Publishing
ISBN 13 : 0080554482
Total Pages : 270 pages
Book Rating : 4.88/5 ( download)

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Download or read book New Technology-Based Firms in the New Millennium written by Ray Oakey and published by Emerald Group Publishing. This book was released on 2008-05-26 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the question of whether providing work experience within courses of study in higher education affects entrepreneurial attitudes and behaviour, important given government imperatives to foster entrepreneurship through the education system.