Is there an industry consensus on risk? evidence from UK venture capital contracting in high-technology

J.G.C. Reid, J.A. Smith

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This paper seeks to determine whether there is a received view within the UK venture capital industry on investment risk and how it can be handled. This is explored in the context of backing high-technology ventures. The methodology involves eliciting attitude to risk by direct interview with leading investors. The findings suggest industry consensus on high- and low-risk investments and the key commercial factors affecting risk. However, when non-commercial factors are investigated industry consensus breaks down.
Original languageEnglish
Title of host publicationFrontiers of Entrepreneurship Research
Place of PublicationMassachusetts, USA
Publication statusPublished - 2003

Keywords

  • UK venture capital
  • industry
  • investment risk
  • investment
  • high-technology ventures
  • investors

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