g. explain the stages in venture capital investing, venture capital investment
characteristics, and challenges to venture capital valuation and performance
measurement;
Stages of Venture Capital Investing
Seed-stage
Early-stage
Formative-stage
Later-stage
Expansion-stage
Venture capital investment characteristic
Illiquidity
Long-term commitment
Difficulty in determining current market values
Limited historical risk and return data
Limited information
Entrepreneurial management mismatches
Fundmanager incentive mismatches
Lack of knowledge of competitors
Vintage cycles
Extensive operations analysis and advice
types of liquidation
Exits
divestment by trade sale
divestment by IPO/Floatation
Sale of quoted equity
Divestment by writeoff
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment