Venture Capital and the Financing of Innovation

By Sandra Montchaud and Bernard Guilhon

The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France.

This book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations.

• Format: Hardcover
• Language: English
• ISBN: 1786300699
• ISBN13: 9781786300690
• Release Date: February 2020
• Publisher: Wiley-Iste
• Length: 196 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.7" x 6.2" x 9.3"