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Survey: Innovation in industry: Easy way out
Nicholas Valery. The Economist. London: Feb 20, 1999.Vol.350, Iss. 8107; pg. S22, 2 pgs
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Subjects:
Startups, Entrepreneurs, Market strategy, Venture capital companies, Trends, Innovations
Classification Codes
9520 Small businesses, 9190 US, 8130 Investment services, 5400 Research & development, 7000 Marketing
Locations:
US
Author(s):
Nicholas Valery
Document types:
Feature
Publication title:
The Economist. London: Feb 20, 1999. Vol. 350, Iss. 8107; pg. S22, 2 pgs
Source type:
Periodical
ISSN:
00130613
ProQuest document ID: 39186421
Text Word Count
1151
Document URL:
http://proquest.umi.com/pqdweb? did=39186421&sid=1&Fmt=3&clientId=44986&RQT=309&VName=PQD Abstract (Document Summary)
Entrepreneurs hawking good ideas around have never had it so good. For the past five years, venture capitalists, business angels, institutional investors, even private companies and wealthy individuals have been falling over themselves to stuff money into promising little entrepreneurial startups. The average investment made by venture-capital firms in America has doubled from $3.5 million to 1992 to more than $7 million today.
However, venture capitalists have to find a way to get out when a new firm can stand on its own feet. Over the past year or so, venture-capital firms' exit strategy has changed. More and more entrepreneurs are starting enterprises with the express purpose of being bought out in due course.
Full Text (1151 words)
Copyright Economist Newspaper Group, Incorporated Feb 20, 1999