The evolution of Venture Capital and Private Equity Investment Models for the development: Europe, USA, and Israel Markets. ''Start Ups Boom'' starting to boostrap High Tech in the Universities

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14 “hands on” approach, supporting entrepreneurs in the development of the business and financial and commercial networking, approach which will be investigated in the following pages. According to a recent study of the Ewing Marion Kauffman Foundation, high growth industries – top 1% of United States companies - created on average 40% new workplaces. This is a kind of conclusion that highlights the central role of innovative entrepreneurship and of the creation of new companies in high growth sectors. In the European case the figures are more restrained but the potential for development is higher. Between 5 and 6 billion Euros annual investments are reached and, according to EVCA (European Private Equity and Venture Capital Association), in 2004, the total of people employed in European venture backed companies was 1 million units. This led to a cumulative growth of employment of 30,5% between 1997 and 2004, which is to say an annual growth of 2,4%, notably higher than other companies with a 0,7%. The European context, according to EVCA’s white paper of March 2010, is ready for a new development phase, with specific reference to the necessity of an increase in private investment in the area of venture capital, most notably by (companies) operating on an international scale. This must take place in a situation of improvement of the tax policies for startups, of higher market integration with a long-term strategic view able to make Europe attractive to global investors. The new competition environment will be much different from the past years, being it shocked by the global financial crisis, the deep shift of the trend of some financial sectors, new ways of public control in many countries and the modification of global power balance in which Asian countries have much more power. In this new scenery, venture capital operators will experiment a process of adaptation that will make them survive, keeping the innovation driving force alive with different characteristics in respect from the past. As a reference scheme, it is possible to set the models of development of venture capital in terms of evolution and change undergone in the last years, which will be explored in this study in a very present way and in an international context. The models considered here are not available on other manuals, since they are the result of an exhaustive research on investment methodologies explored starting from real everyday situations, such as news on financial or venture capital publications, like TechCrunch and Cruchbase just to mention a few, or such as interviews, videos and encounters I personally had with influential exponents in this sector, or taking part to specific events in the Silicon Valley or in the state of New York. We can briefly summarize the analysis in three central ideal models, structured at their core in a mass of different strategies, very different from each other themselves. We can summarize it as follows: a-The European continental model: it is a top-down scheme, where usually the countries identify

Anteprima della Tesi di Diego Tha

Anteprima della tesi: The evolution of Venture Capital and Private Equity Investment Models for the development: Europe, USA, and Israel Markets. ''Start Ups Boom'' starting to boostrap High Tech in the Universities, Pagina 5

Laurea liv.II (specialistica)

Facoltà: Economia

Autore: Diego Tha Contatta »

Composta da 210 pagine.

 

Questa tesi ha raggiunto 273 click dal 10/06/2011.

 

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