Venture Capital and New Technology Based Firms: An US-German Comparison
Oliver Pfirrmann,Udo Wupperfeld,Joshua Lerner
Venture Capital and New Technology Based Firms: An US-German Comparison
Oliver Pfirrmann,Udo Wupperfeld,Joshua Lerner
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This study investigates the role of venture capital in the development of new-technology-based firms in two countries: USA and Germany. The information is drawn from literature reviews and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by venture capitalists and the framework conditions for venture capital.
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