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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1998 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Lumme, A., Mason, C., Suomi, M. (1998). Conclusion. In: Informal Venture Capital. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2785-2_16
Download citation
DOI: https://doi.org/10.1007/978-1-4757-2785-2_16
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5028-4
Online ISBN: 978-1-4757-2785-2
eBook Packages: Springer Book Archive