Enterprising capital: a study of enterprise development and the institutions which finance it
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot [u.a.]
Avebury
1996
|
| Series: | Stirling management series
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIII, 206 S. graph. Darst. |
| ISBN: | 1859720927 |
Staff View
MARC
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| 245 | 1 | 0 | |a Enterprising capital |b a study of enterprise development and the institutions which finance it |c Simon Harris ; Chris Bovaird |
| 264 | 1 | |a Aldershot [u.a.] |b Avebury |c 1996 | |
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| 650 | 4 | |a New business enterprises |z Great Britain |x Finance | |
| 650 | 4 | |a Small business |z Great Britain |x Finance | |
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Record in the Search Index
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|---|---|
| adam_text | Contents
Tables and figures vii
Acknowledgements xii
Foreword xiii
Introduction 1
Part I The problem of young firm finance
1 Capital for enterprise: A growing concern 5
2 Institutional venture capital: The legacy 29
3 Institutional capital for enterprise now 51
Part II How some organisations address the problem
4 Greater London Enterprise 73
5 Prince s Youth Business Trust 81
6 Birmingham Technology 9
7 British Steel (Industry) 102
8 Lancashire Enterprises 114
v
9 Massachusetts Technology Development Corporation 126
10 New York State Science and Technology Foundation 136
Part III Enterprising capital
11 The elements of enterprising capital 151
12 Enterprising capital organisations 178
Bibliography 198
vi
I* ¦ ¦— ¦ Tables and figures
Table 1.1 Real Gross Domestic Product growth since 1950 6
Table 1.2 Employment in UK industry sectors: 1970 93 6
Table 1.3 The size of manufacturing businesses, 1968 93 6
Table 1.4 Self employment in the UK, 1961 92 7
Table 1.5 UK venture capital organisations which have
received public finance 21
Table 1.6 Private public venture capital in Europe, 1991 23
Table 1.7 Characteristics of the organisations studied 26
Table 2.1 New US venture capital funds committed (US $m),
1977 90 32
Table 2.2 Number of UK venture capital companies, 1975 91 34
Table 2.3 Investment activity by BVCA member firms. 1984 91 34
Table 2.4 UK venture capital fund sources. 1985 91 34
Table 2.5 Directorship requirements of UK venture capital
firms, 1987 42
vii
Table 2.6 Venture capital firms minimum investment, 1992 45
Table 2.7 Average value of UK venture capital investments
(£ 000), 1984 91 46
Table 2.8 Internal rates of return: forty six US venture
capital firms 48
Table 2.9 Business plans proceeding to investment in the
UK, 1987 49
Table 3.1 Seed capital s share of UK venture finance, 1985 91 61
Table 3.2 Start up s share of UK venture finance, 1985 91 63
Table 3.3 Early stage s share of UK venture finance, 1985 91 64
Table 3.4 Development capital in UK venture finance, 1985 91 66
Table 3.5 MBOs in UK venture finance, 1985 91 67
Table 3.6 Management buy ins in UK venture finance, 1987 67
Table 3.7 Average investment by financing stage, 1991 67
Table 3.8 UK venture investment by financing stage, 1985 91 69
Table 5.1 Cash outflow of PYBT: Year to 30 June 1992 86
Table 8.1 Lancashire Enterprises range of funds 1 17
Table 8.2 Lancashire Enterprise funds floors, ceilings and
exit periods 121
Table 8.3 Lancashire Enterprises funds: involvement styles 124
Table 9.1 Source of MTDC investment funds, foundation
to 1994 131
Table 9.2 Estimated return on investment (ROI) of MTDC 133
viii
Table 10.1 NYSS TF projects funded and funding granted,
1983 94 139
Table 10.2 Examples of Centers of Advanced Technology 140
Table 10.3 Cumulative employment among SBITF investee
firms, 1983 92 145
Table 11.1 Different backgrounds of the organisations studied 151
Table 11.2 Different foci of the organisations studied 152
Table 11.3 Outline of the elements of enterprising capital 153
Table 11.4 Venture capital organisations investment criteria,
from two studies in the United States 154
Table 11.5 Typology of capabilities for successful
entrepreneurs and businesses 155
Table 11.6 Main management characteristics sought by the
organisations studied 158
Table 11.7 Business criteria applied to businesses supported 159
Table 11.8 Investment calculations behind selection decisions 160
Table 11.9 Alternative behaviours towards deficient
management teams 62
Table 11.10 Enterprising capital organisations attitudes to
business plans fi/1
Table 11.11 Resourcing additional skills and counsel l(o
Table 11.12 Network fostering activities 1(1/
Table 11.13 Backgrounds of the organisations investment staff 164
Table 11.14 Approaches to financial control 171
Table 11.15 Sources of investment finance used 173
ix
Table 11.16 Types of finance supplied 173
Table 11.17 Indicative internal rate of return hurdles 175
Table 12.1 Likely sources of early stage investment finance
in three countries 179
Table 12.2 Resource environments for business development 180
Table 12.3 The notional venture capitalists as sources
of resources 181
Table 12.4 The business angel as a source of resources 184
Table 12.5 The corporate venturer as a source of resources 186
Table 12.6 The lending bank as a source of resources 187
Table 12.7 The venture capital organisation now as a source
of resources 190
Table 12.8 The enterprising capital organisation as a source
of resources 191
Table 12.9 Organisations perceptions of their main
contributions 193
Figure 2.1 Venture capitalist costs in different sized
investments 44
Figure 2.2 Cost per £ invested of different sized investments 44
Figure 2.3 Cost of providing finance: different sized
investments 44
Figure 2.4 Minimum IRR hurdles for different sized
investments 47
Figure 3.1 The stages of venture capital investment 59
Figure 6.1 Organisation structure of Birmingham Technology 96
x
Figure 7.1 Organisation structure of British Steel (Industry)
Scotland 108
Figure 11.1 The elements of enterprising capital 152
Figure 11.2 The effect of a blanket subsidy for venture capital 174
Figure 11.3 An equitably subsidised venture capital scheme 176
Figure 12.1 The notional venture capital route:
transactions involved 182
Figure 12.2 The business angel environment:
transactions involved 185
Figure 12.3 The corporate venturing environment:
transactions involved 187
Figure 12.4 The lending bank environment:
transactions involved 188
Figure 12.5 The venture capital environment:
transactions involved 190
Figure 12.6 The enterprising capital environment:
the transactions involved 192
Figure 12.7 Linking the elements of enteiprising capital 195
xi
|
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| spelling | Harris, Simon Verfasser aut Enterprising capital a study of enterprise development and the institutions which finance it Simon Harris ; Chris Bovaird Aldershot [u.a.] Avebury 1996 XIII, 206 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Stirling management series Geschichte 1960-1994 gnd rswk-swf Nieuwe ondernemingen gtt Risicokapitaal gtt New business enterprises Great Britain Finance Small business Great Britain Finance Venture capital Great Britain Unternehmensgründung (DE-588)4078599-3 gnd rswk-swf Öffentliche Einrichtung (DE-588)4043143-5 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Großbritannien Großbritannien (DE-588)4022153-2 gnd rswk-swf Großbritannien (DE-588)4022153-2 g Unternehmensgründung (DE-588)4078599-3 s Finanzierung (DE-588)4017182-6 s Öffentliche Einrichtung (DE-588)4043143-5 s Geschichte 1960-1994 z DE-604 Bovaird, Chris Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007547447&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Harris, Simon Bovaird, Chris Enterprising capital a study of enterprise development and the institutions which finance it Nieuwe ondernemingen gtt Risicokapitaal gtt New business enterprises Great Britain Finance Small business Great Britain Finance Venture capital Great Britain Unternehmensgründung (DE-588)4078599-3 gnd Öffentliche Einrichtung (DE-588)4043143-5 gnd Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4078599-3 (DE-588)4043143-5 (DE-588)4017182-6 (DE-588)4022153-2 |
| title | Enterprising capital a study of enterprise development and the institutions which finance it |
| title_auth | Enterprising capital a study of enterprise development and the institutions which finance it |
| title_exact_search | Enterprising capital a study of enterprise development and the institutions which finance it |
| title_full | Enterprising capital a study of enterprise development and the institutions which finance it Simon Harris ; Chris Bovaird |
| title_fullStr | Enterprising capital a study of enterprise development and the institutions which finance it Simon Harris ; Chris Bovaird |
| title_full_unstemmed | Enterprising capital a study of enterprise development and the institutions which finance it Simon Harris ; Chris Bovaird |
| title_short | Enterprising capital |
| title_sort | enterprising capital a study of enterprise development and the institutions which finance it |
| title_sub | a study of enterprise development and the institutions which finance it |
| topic | Nieuwe ondernemingen gtt Risicokapitaal gtt New business enterprises Great Britain Finance Small business Great Britain Finance Venture capital Great Britain Unternehmensgründung (DE-588)4078599-3 gnd Öffentliche Einrichtung (DE-588)4043143-5 gnd Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Nieuwe ondernemingen Risicokapitaal New business enterprises Great Britain Finance Small business Great Britain Finance Venture capital Great Britain Unternehmensgründung Öffentliche Einrichtung Finanzierung Großbritannien |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007547447&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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