The Venture Capital Deformation
Value Destruction throughout the Investment Process
Authors: Klonowski, Darek
Free Preview- Targets the key reasons behind declining venture capital returns
- Assesses the long-term impact of venture capital on entrepreneurial activity
- Considers general partner operating practices from the view of advisors, limited partners, and entrepreneurs
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- About this book
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In spite of the robust development of venture capital that has occurred over the last three decades, returns from venture capital have been declining. This book focuses on a simple question: why? The answer lies in the context of multiple deformations that have occurred throughout the venture capital process. The book critically assesses the ways in which interactions between different stakeholders in the venture capital ecosystem change (or "deform") venture capital, decreasing its value. Klonowski also reveals that venture capital actually has few benefits—and some outright disadvantages—for entrepreneurs, and it can create a self-perpetuating cycle of investment and loss for the entire venture capital industry. This is especially true as corporate governance and compensation structures may create significant misalignments, incongruities, and conflicts of interest between general and limited partners.
- About the authors
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Darek Klonowski is Professor of Business Administration at Brandon University, Canada. Prior to joining academia, he worked in the venture capital and private equity industry. He has published three books with Palgrave Macmillan: The Venture Capital Investment Process (2010), Private Equity in Poland (2011), and Private Equity in Emerging Markets (2012).
- Table of contents (10 chapters)
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Venture Capital: A Closer Look Behind the Curtain
Pages 3-32
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Maturation, Segmentation, and Competition in the Venture Capital Industry
Pages 33-63
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Fund Formation: Structural and Operational Deformations in Venture Capital
Pages 67-115
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Deal Generation: Optimal Modes of Entrepreneurial Value Creation
Pages 117-143
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Screening and Evaluation: Misguided Investigation of Entrepreneurial Firms
Pages 145-182
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Table of contents (10 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- The Venture Capital Deformation
- Book Subtitle
- Value Destruction throughout the Investment Process
- Authors
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- Darek Klonowski
- Copyright
- 2018
- Publisher
- Palgrave Macmillan
- Copyright Holder
- The Editor(s) (if applicable) and The Author(s)
- eBook ISBN
- 978-3-319-70323-7
- DOI
- 10.1007/978-3-319-70323-7
- Hardcover ISBN
- 978-3-319-70322-0
- Softcover ISBN
- 978-3-319-88922-1
- Edition Number
- 1
- Number of Pages
- XIX, 331
- Number of Illustrations
- 1 b/w illustrations, 26 illustrations in colour
- Topics
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