Conclusion

  • Annareetta Lumme
  • Colin Mason
  • Markku Suomi
Chapter

Abstract

One of the major aspects of the ‘entrepreneurial revolution’ that has occurred in Europe during the past 10 to 15 years — and somewhat earlier in the USA — has been the emergence of an institutional venture capital industry to provide long-term patient risk finance to growth-oriented businesses whose financing needs exceed the capability of the personal resources of the founders, bank debt and retained profits. The extent to which venture capital has been either a cause or an effect of the growth of the SME sector remains a matter for debate. Nevertheless, there is little dispute that venture capital has been, and will continue to be, a key driver in the creation and sustainability of an entrepreneurial economy.

Keywords

Venture Capital Investment Opportunity Venture Capital Fund Venture Capital Firm Bank Debt 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • Annareetta Lumme
    • 1
  • Colin Mason
    • 2
  • Markku Suomi
    • 3
  1. 1.Kera Ltd.UK
  2. 2.University of SouthamptonUK
  3. 3.Helsinki University of TechnologyFinland

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