Operating within the venture ecosystem, let alone impacting it, can be a difficult undertaking. Why is this so? Well, for one, it is forever evolving and churning rapidly before our eyes. Even the definition of “venture” can be a moving target.
In this article, Prof. Sivan strives to methodically show us what venture means, who are the stakeholders involved in its evolution, and how they are affected by – and in turn affect – the hectic nature of venture in the 21st century.
The article discusses the roles of Public Authorities, Institutional Investors, Venture Capitalists and Entrepreneurs, putting them all into context. Relevant case studies such as Intellectual Ventures, Kickstarter, Amazon Cloud services, and IBM’s Global Tech Unit are used for illustration.
The article presents the three ongoing trends characteristic of the ecosystem:
The current trends affecting it from the top (from the enabling side):
- Rise of corporate virtual R&D
- Rise of super angels
- Rise of regulation
The current trends affecting it from the bottom (from the innovation side):
- Rise of new treatment of ideas
- Rise of innovation platforms
- Rise of the early users factor
Appeared in the issue: Coller Venture Review — 2014 -1 — Welcome Issue
Original Paper PDF:
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List of References:
- Ernst & Young. (2013). Turning the corner – Global venture capital insights and trends 2013.
- Jeng, L. A., & Wells, P. C. (1998). The Determinants of Venture Capital Funding: Evidence Across Countries. Retrieved from http://papers.ssrn.com/abstract=103948
- Mulcahy, D. (2013). Six Myths About Venture Capitalists. Harvard Business Review, 80–83.
- NVCA. (2013). NVCA Yearbook 2013. National Venture Capital Association.
- Vermeulen, E. P. M., & Pereira Dias Nunes, D. (2012). The Evolution and Regulation of Venture Capital Funds. Ex Research Topics in Corporate Law & Economics, 1.