Showing articles with tag: ipo
Geographic Concentration of Venture Capital Investors, Corporate Monitoring, and Firm Performance
The coordination of venture capital (VC) investors in their syndicate significantly influences their choice of contractual terms and portfolio firm performance. The difficulties in coordination and corporate monitoring incentivize VC investors to choose contractual mechanisms designed to protect them from the downside risks of early-stage entrepreneurial firms. Moreover, their firms…
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Trademarks in Entrepreneurial Finance
Trademarks are an important determinant of the economic value created by firms. A trademark is a word, symbol, or other signifier used to distinguish a good or service produced by one firm from the goods or services of other firms. Firms use trademarks to differentiate their products from those of…
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Venturing Beyond the IPO: Financing of Newly Public Firms by Pre-IPO Investors
A wide body of literature emphasizes that venture capitalists (VCs) focus on young private companies, generally in high-tech industries. However, we find that these investors fund companies after the IPO as well. In a sample of private firms going public for the first time, 15% of the firms that were…
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