How Long to Read Principal Agents in Venture Capital and Private Equity Contracting

How Long Does it Take to Read Principal Agents in Venture Capital and Private Equity Contracting?

It takes the average reader and 39 minutes to read Principal Agents in Venture Capital and Private Equity Contracting by Steffen Schupp

Assuming a reading speed of 250 words per minute. Learn more

Description

Seminar paper from the year 2005 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, Technical University of Darmstadt (Department of Banking and Finance), course: Venture Capital and Private Equity, 53 entries in the bibliography, language: English, abstract: In the last decades venture capital has emerged as the major source of financing for young and innovative firms, replacing more and more bank credits, but also creating a new market niche for start-ups with a high risk of failure that may create substantial returns. With success stories of companies like Apple Computer, Intel, Federal Express, Microsoft, Sun Mircosystem, Compaq or SAP, this form of funding is meanwhile widely accepted. In the late 1970s the venture capital industry increased dramatically in the United States. In contrast, the venture capital sector in continental Europe used to be a very small market up to 1990. Figure 1 in the appendix shows the development of funds committed to independent US and European venture capital funds.1Today the venture fund market in Germany has reached a managed fund size of US$ 43 billion, an increase of 13.2 percent in regard to the previous year.2Therefore venture capital plays a crucial role in respect to innovation of an economy and has significant positive effects on society and a country’s economy. According to Sahlmann (1990) the term “venture capital” is defined as a “professional managed pool of capital that is invested in equity linked securities of private ventures at various stages in their development”. Gompers and Lerner (2001a) limit the definition to investments in privately held, high growth companies. Originally, the intent of venture capital is to finance young innovative companies. The term private equity describes the investment of equity in companies that are already established, e.g. companies in later stages of their life cycle. Today the two terms are often used as synonyms. In this paper we keep focusing on companies in early stages of life and thus use the term venture capital only. It should be mentioned that the focus of venture capital firms can be quite different. First venture capitalists can concentrate on different stages of companies (seed, start-up, first, second, third, fourth stage, bridge stage and liquidity stage financing) and second, venture capitalist can finance different industries or focus on a special group. The specialization has the advantage to gather deepened technological knowledge about an industry that can be used within the “venture cycle”. The innovative high-tech sectors, such as biotech or nanotech, would be good examples.

How long is Principal Agents in Venture Capital and Private Equity Contracting?

Principal Agents in Venture Capital and Private Equity Contracting by Steffen Schupp is 38 pages long, and a total of 9,804 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Principal Agents in Venture Capital and Private Equity Contracting Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read Principal Agents in Venture Capital and Private Equity Contracting aloud.

What Reading Level is Principal Agents in Venture Capital and Private Equity Contracting?

Principal Agents in Venture Capital and Private Equity Contracting is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Principal Agents in Venture Capital and Private Equity Contracting?

Principal Agents in Venture Capital and Private Equity Contracting by Steffen Schupp is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Principal Agents in Venture Capital and Private Equity Contracting by Steffen Schupp on Amazon click the button below.