First Advisor
Sarah Tinkler
Date of Award
2016
Document Type
Thesis
Degree Name
Bachelor of Science (B.S.) in Business Administration: Finance and University Honors
Department
Business Administration
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.
Rights
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Persistent Identifier
http://archives.pdx.edu/ds/psu/17324
Recommended Citation
Kaeding, Evan, "Venture Capital Dynamics: Challenges in Financing Technological Entrepreneurship" (2016). University Honors Theses. Paper 259.
https://doi.org/10.15760/honors.244