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.
|Title of host publication||Frontiers of Entrepreneurship Research|
|Place of Publication||Massachusetts, USA|
|Publication status||Published - 2003|
- UK venture capital
- investment risk
- high-technology ventures