Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/55954 
Erscheinungsjahr: 
2004
Quellenangabe: 
[Journal:] Journal of Entrepreneurial Finance, JEF [ISSN:] 1551-9570 [Volume:] 9 [Issue:] 3 [Publisher:] The Academy of Entrepreneurial Finance (AEF) [Place:] Montrose, CA [Year:] 2004 [Pages:] 41-60
Verlag: 
The Academy of Entrepreneurial Finance (AEF), Montrose, CA
Zusammenfassung: 
This paper investigates the actual performance of 2,895 Initial Public Offerings of companies that were backed by venture capital from 1968 through 1998. It seeks to refute the myth that investors demand very high annualized and cumulative rates of return to compensate for the risks they are taking by financing ventures. In fact, it argues that, based on historical statistics, the total returns of the venture capital market are reasonable given the level of risk. This is done by concentrating on sections of various types of industries that have been supported by venture capital.
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