TOWARD A MODEL OF VENTURE CAPITAL-INVESTMENT DECISION-MAKING

被引：320

作者：

FRIED, VH ^{[1
]}

HISRICH, RD ^{[1
]}

机构：

[1] CASE WESTERN RESERVE UNIV,CHAIR ENTREPRENEURIAL STUDIES,CLEVELAND,OH 44106

来源：

FINANCIAL MANAGEMENT | 1994年 / 23卷 / 03期

关键词：

D O I：

10.2307/3665619

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper uses a case study methodology to develop a model of the venture capital investment decision-making process. It identifies generic criteria that venture capitalists use. A six-stage process model is proposed: origination, venture capital firm-specific screen, generic screen, first-phase evaluation, second-phase evaluation, and closing. Different activities occur in each stage. It is argued that the venture capitalist provides both supply-side and demand-side benefits to the market.

引用

页码：28 / 37

页数：10

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