Comment from Massimo Colombo, department of management, economics and industrial engineering, Politecnico di Milano, and Samuele Murtinu, University of Groningen
Venture capital (VC) is one of the most suitable financing modes for young high-tech entrepreneurial firms to raise external capital. However, VC investors (VCs) are heterogeneous and differ along several dimensions. One of the most important of these dimensions is the type of ownership and governance, because of its strong influence on VCs’ objectives and investment behaviour, and on the value investors can add to portfolio firms.
In our paper – Venture capital Investments in Europe…
