Date of Award

2016

Document Type

Thesis

Department

Business Administration

First Advisor

Sarah Tinkler

Subjects

Venture capital -- Risk management, Technological innovations -- Finance, Entrepreneurship, New business enterprises -- Economic aspects

DOI

10.15760/honors.244

Abstract

The venture capital process is fraught with risk to the venture capitalist induced by agency costs, information asymmetry and moral hazard. Venture capitalists employ sophisticated contracting techniques to mitigate these risks, often at the expense of the entrepreneur. Additional complexity can arise depending on the affiliation of the venture capitalist. This work highlights the common pitfalls that high-technology entrepreneurs face as a result of the circumstances inherent in the fund raising process, and makes recommendations for mitigating these pitfalls.

Comments

An undergraduate honors thesis submitted in partial fulfillment of the requirements for the degree of Bachelor of Science in University Honors and Business Administration: Finance

Persistent Identifier

http://archives.pdx.edu/ds/psu/17324

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