The Venture Capital Deformation: Value Destruction throughout the Investment Process

Author:   Darek Klonowski
Publisher:   Springer International Publishing AG
Edition:   Softcover reprint of the original 1st ed. 2018
ISBN:  

9783319889221


Pages:   331
Publication Date:   11 September 2018
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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The Venture Capital Deformation: Value Destruction throughout the Investment Process


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Overview

"In spite of the robust development of venture capital that has occurred over the last three decades, returns from venture capital have been declining. This book focuses on a simple question: why? The answer lies in the context of multiple deformations that have occurred throughout the venture capital process. The book critically assesses the ways in which interactions between different stakeholders in the venture capital ecosystem change (or ""deform"") venture capital, decreasing its value. Klonowski also reveals that venture capital actually has few benefits—and some outright disadvantages—for entrepreneurs, and it can create a self-perpetuating cycle of investment and loss for the entire venture capital industry. This is especially true as corporate governance and compensation structures may create significant misalignments, incongruities, and conflicts of interest between general and limited partners."

Full Product Details

Author:   Darek Klonowski
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   Softcover reprint of the original 1st ed. 2018
Weight:   0.460kg
ISBN:  

9783319889221


ISBN 10:   3319889222
Pages:   331
Publication Date:   11 September 2018
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Venture Capital: A Closer Look behind the Curtain.- 2. Maturation, Segmentation, and Competition in the Venture Capital Industry.- 3. Fund Formation: Structural and Operational Deformations in Venture Capital.- 4. Deal Generation: Optimal Modes of Entrepreneurial Value Creation.- 5. Screening and Evaluation: Misguided Investigation of Entrepreneurial Firms.- 6. Deal Completion: Inequitable Agreements in Venture Capital Contracting.- 7. Monitoring: The Venture Capital Barren Toolbox for Entrepreneurial Activity.- 8. Exiting: Distressed Value Realization in Venture Capital.- 9. Venture Capital: “Subprime” Returns and the Value Chain Analysis.- 10. Improving the Substandard Venture Capital Model.

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Author Information

Darek Klonowski is Professor of Business Administration at Brandon University, Canada. Prior to joining academia, he worked in the venture capital and private equity industry. He has published three books with Palgrave Macmillan: The Venture Capital Investment Process (2010), Private Equity in Poland (2011), and Private Equity in Emerging Markets (2012).

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