• Corpus ID: 166841796

The venture capital cycle

@inproceedings{Gompers1999TheVC,
  title={The venture capital cycle},
  author={Paul A. Gompers and Josh Lerner},
  year={1999}
}
Three principal aspects of venture capital (VC) are empirically explored: fundraising, investing, and exiting those investments. Despite the recent attention to VC, misconceptions abound that the authors attempt to correct. Throughout, the discussions are based on examinations of a large sample of firms, VC funds, and investments. Three themes are elaborated in the volume: (1) The great incentive and information problems venture capitalists must overcome; (2) the interrelatedness of each aspect… 

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