THE VENTURE CAPITALIST - A RELATIONSHIP INVESTOR

被引:122
作者
FRIED, VH
HISRICH, RD
机构
[1] CASE WESTERN RESERVE UNIV,WEATHERHEAD SCH MANAGEMENT,CLEVELAND,OH 44106
[2] CASE WESTERN RESERVE UNIV,A MALACHI MIXON III CHAIR ENTREPRENEURIAL STUDIES,CLEVELAND,OH 44106
关键词
D O I
10.2307/41165791
中图分类号
F [经济];
学科分类号
02 ;
摘要
Based upon a series of case studies, this article explores the role of the venture capitalist in management. In addition to money, venture capitalists provide a variety of inputs to the firms in which they invest, such as operating services, discipline, general business knowledge, image, networks, and moral support. Venture capitalists have three sources of power over management-money, personal relationships, and formal power. They attempt to influence managers to follow their ''dominant logic,'' which generally stresses formal planning, a profit orientation, organizational development, patience, and strategic focus.
引用
收藏
页码:101 / 113
页数:13
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