The Venture Capital Cycle

by Paul Gompers and Josh Lerner

		Publisher: MIT Press Pub. Date: 1999 ISBN: 9780262071949 No. pages: 375 Category: Finance

In this summary you will learn

Why venture capital exists
Why venture capitalists are attracted to high-risk investments
How venture capitalists can make handsome profits
Why IPOs that are backed by venture capitalists outperform those that aren’t

Why you should read The Venture Capital Cycle

The Venture Capital Cycle is a thorough overview of the venture capital market that will be edifying to those who know little about the mysterious methods of private equity financiers, but self-evident to those with a background in corporate finance. Readers who have worked in or studied finance already are familiar with the tidal cycles that govern the flow of capital into early-stage companies, as well as the process through which money moves from institutions and individuals to fledgling enterprises. But getAbstract strongly recommends that entrepreneurs read this book, which provides an exhaustive tour that will answer many - if not all - of your questions about where venture capital comes from, how you can get a hold of some, and how your life and business will change after you do. And if, along the way, you think that the authors sound too much like professors with their dense, academic prose, you’re right.

About the Authors

Paul Gompers is an associate professor of business administration at Harvard Business School. Josh Lerner is professor of business administration at Harvard Business School. Both are faculty research fellows at the National Bureau of Economic Research.

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