eBRC Research Report 11

Venture-to-Capital - a Framework for Growth Venturing and Professional Ownership

This study builds a theory of growth venturing as a practical phenomenon, contributing to the understanding of owners and managers of the ventures, as well as financiers, advisors and policy makers. It defines the elements required by growth venturing – Entrepreneurship, Equity Financing, Ownership and Management – and synthesizes the theory of Venture-to-Capital. This new framework includes the operating modes, milestones and actors of the V2C arena.

The study also analyses the operating models of both prevalent and emerging actors in this operating arena. As new kinds of actors have emerged alongside the traditional ones of the Venture-to-Capital arena, 14 case studies are conducted and the five existing actor classes analysed – Advisor, Incubator, Seed Venture Capitalist, Business Angel and Business Angel Network. As a result, an improved, evolutionary classification of Venture-to-Capital actors is presented alongside with a normative model of a V2C actor.

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Distribution
e-Business Research Center eBRC
Tampere University of Technology and University of Tampere

Published by
Tampere University of Technology (TUT) and
University of Tampere (UTA)

Printed edition ISSN 1459-0158 ISBN 952-15-1286-5 (TUT) 951-44-6179-7 (UTA)	Electronic edition ISSN 1459-0166 ISBN 952-15-1287-3 (TUT) 951-44-6180-0 (UTA)

Printed by Cityoffset Oy, Tampere 2004

Also published in:
Tampere University of Technology. Publication 498.
ISSN: 1459-2045, ISBN: 952-15-1252-0