PT  - JOURNAL ARTICLE
AU  - Tanaha Hairston
TI  - Changing the Game of Venture Capital: <em>Expert Insights</em>
AID  - 10.3905/jpe.2013.16.3.057
DP  - 2013 May 31
TA  - The Journal of Private Equity
PG  - 57--68
VI  - 16
IP  - 3
4099  - https://pm-research.com/content/16/3/57.short
4100  - https://pm-research.com/content/16/3/57.full
AB  - Many industry analysts have cited the significant downsizing of venture capital, yet the future of venture capital does not need to remain grim. An analysis of the framework and operating principles of venture capital reveals areas of improvement that will minimize the effects of negative external economic forces. An examination of the historical impact of venture capital and the factors precipitating its downsizing reveals opportunities for a resilient venture firm less affected by market forces and able to deliver optimal returns on investments. The author presents the research within the context of the four phases: investment screening, selection, monitoring, and exit. The author offers best practice research (through interviews of experienced venture investors and supplemented by secondary research) and suggests alternate strategies for venture firms to consider.TOPICS: Private equity, portfolio construction, financial crises and financial market history