Professional Documents
Culture Documents
Why care?
Of increasing interest to states, larger cities with
emphasis on entrepreneurship and innovation
Some basics on venture Capital availability as a constant concern of start
capital up businesses
Shift of political attention to start ups means capital
questions front and center
Initial experimentation, by some jurisdictions, in
VC support policies, programs
What are the right policies and programs?
Department of Urban & Regional Planning 11 Department of Urban & Regional Planning 12
Boom & bust in VC market Sources
What shifts VC market (supply/demand) Binder, R A, and L A Yow,”Venture capital: Do economic developers want a piece of the pie?”,
PowerPoint presentation, Department of Urban & Regional Planning, University of North Carolina
at Chapel Hill, April 2001.
Why is adjustment of VC industry slow, say to Perez, R. 1986. Inside Venture Capital: Past, Present and Future. Praeger: New York.
demand growth? Amit, R., J. Brander, and C. Zott. 1998. Why do venture capital firms exist? Theory and Canadian
experience. Journal of Business Venturing 13 (6).
Hosmer, L. T. 1982. A Venture Capital Primer for Small Businesses. Washington, DC: Small
Why does VC market have a tendency to over-
Business Administration.
Berlin, M. 1998. That thing that venture capitalists do. Federal Reserve Bank of Philadelphia
react?
Walter, D. 1985. Venture Capital: Where to find it, How to go after it. Seattle, Washington:
Venture Source Publishers.
shooting? Barry, C. B. 1994. New directions in research on venture capital finance. Financial Management.
23 (3): 3-15.
Appropriate government action? Fried, V. H. and R. D. Hisrich. 1994. Toward a model of venture capital investment decision
making. Financial Management 23 (3): 28-37.
Growing New Businesses with Seed and Venture Capital: State Experiences and Options. National
Governors’ Association www.nga.org, 2000.
Department of Urban & Regional Planning 13 Department of Urban & Regional Planning 14