TOWARD A MODEL OF VENTURE CAPITAL-INVESTMENT DECISION-MAKING

被引：316
|
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.
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页码：28 / 37
页数：10
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