Venture capital markets: A cross country analysis

dc.authorid0000-0002-3893-4015
dc.authorid0000-0002-7981-3121
dc.authorid0000-0003-2660-653X
dc.contributor.authorTeker, Dileken_US
dc.contributor.authorTeker, Suaten_US
dc.contributor.authorTeraman, Özgüren_US
dc.date.accessioned2019-04-17T03:10:21Z
dc.date.available2019-04-17T03:10:21Z
dc.date.issued2016
dc.departmentIşık Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ekonomi (İktisat) Bölümüen_US
dc.departmentIşık University, Faculty of Economics and Administrative Sciences, Department of Economicsen_US
dc.description.abstractVenture capital (VC) may be defined as a support to entrepreneurial talents and appetite by turning ideas and basic science into products and services which are expected to envy the world. Venture capital funds are able to build companies from the simplest form to mature organizations. Venture capital investors generally actively engage with management of the company by typically taking place on the board. Through the due diligence process the venture capital firms concentrate on the founders, the management team, the concept, the marketplace, the revenue model, the value-added potential of the firm, the amount of capital needed to heal the business and whether all these fit to the fund's objectives. Over the next three to eight years, the venture firm works with the founding entrepreneur/s to grow the company. Once a company funded by venture capital matures and becomes successful, venture funds generally exit by taking it public through an initial public offering (IPO) or by selling it to big companies. This allows the venture funds to be free from the previous investment and invest in the next generation of companies. United States, Europe, Israel, Canada, China and India have the most developed markets for venture capital environment. The size of the venture capital market is nowadays about $50 billion and the United States has the most funds for venture capital of $33.1 billion in 2013. Venture capital firms may invest in promising firms in stages of seed, first round, second round or later. The median investment amounts in the United States in 2013 are $0.5 million for seed, $2.5 million for first round, $5.7 million for second round and $10 for later stage. The most attractive sector for venture capital is information technology for the United States, Israel and Canada, invested over $10 billion in 2013, while the most attractive sector is consumer products for Europe, China and India, invested over $4.8 billion in 2013.en_US
dc.description.versionPublisher's Versionen_US
dc.identifier.citationTeker, D., Teker, S. & Teraman, Ö. (2016). Venture capital markets: A cross country analysis. Procedia Economics and Finance, 38, 213-218. doi:10.1016/S2212-5671(16)30192-7en_US
dc.identifier.endpage218
dc.identifier.issn2212-5671
dc.identifier.startpage213
dc.identifier.urihttps://hdl.handle.net/11729/1567
dc.identifier.urihttp://dx.doi.org/10.1016/S2212-5671(16)30192-7
dc.identifier.volume38
dc.identifier.wosWOS:000386630100022
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakConference Proceedings Citation Index – Social Science & Humanities (CPCI-SSH)en_US
dc.institutionauthorTeker, Dileken_US
dc.institutionauthorTeker, Suaten_US
dc.institutionauthorTeraman, Özgüren_US
dc.institutionauthorid0000-0002-3893-4015
dc.institutionauthorid0000-0002-7981-3121
dc.institutionauthorid0000-0003-2660-653X
dc.language.isoenen_US
dc.peerreviewedYesen_US
dc.publicationstatusPublisheden_US
dc.publisherElsevier Science BVen_US
dc.relation.ispartofProcedia Economics and Financeen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectVenture capitalen_US
dc.subjectRisk capitalen_US
dc.subjectHigh risk projectsen_US
dc.subjectAngel investorsen_US
dc.titleVenture capital markets: A cross country analysisen_US
dc.typeConference Objecten_US
dspace.entity.typePublication

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