Chapter 17: Implications for Practice, Policy-making and Research
Hans Landström In this Handbook of Research on Venture Capital we have tried to show the ‘research front’ of our knowledge on venture capital – what we know about venture capital – but, the chapters also clearly indicate what we do not know. This ﬁnal chapter is intended to provide some suggestions for researchers, doctoral candidates and masters students on the future direction of our understanding about venture capital as well as trying to answer the question: where are we going in venture capital research? In the previous chapters we have tried to learn from earlier knowledge in the respect that we try to communicate to reﬂective entrepreneurs, venture capitalists and policymakers what conclusions can be drawn from research on venture capital and how our knowledge can be applicable to their ﬁeld of activities and the understanding of venture capital. Therefore, in the second section of this chapter we will try to answer the question: what advice can be given to practitioners and policy-makers? Where are we going in venture capital research? Although research on venture capital has been in progress for a quarter of a century and we now have a great deal of knowledge that did not exist 10–15 years ago, many unanswered questions remain. The authors of the chapters in the book have all tried to pinpoint these questions and provide some indications of where venture capital research is going. Venture capital research in general Based on the arguments by Van de Ven and Johnson (2006)...
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