A Globalizing Industry
Handbooks in Venture Capital series
Edited by Hans Landström and Colin Mason
This is the second volume of the Handbook of Research on Venture Capital in which we take a critical view on venture capital as a phenomenon – especially related to the institutional venture capital market – focusing on issues such as governance structures, competencies, performance and the applicability of the US business model of venture capital to other parts of the world. Systematic research on venture capital has now been conducted for almost 40 years, emerging in the 1980s. The first volume of the Handbook of Research on Venture Capital provided a review and synthesis of the knowledge on venture capital, but there was rather less critical discussion of venture capital, nor much consideration of its geographical and temporal dimensions. Since 2000 the research on venture capital has grown significantly around the world. For example, the number of articles on venture capital in leading entrepreneurship and small business journals has increased by 50 per cent compared with the 1990s. Even though a significant growth in venture capital research and publications paralleled the expansion in the scale of venture capital investing during the dot.com boom, research activities on venture capital have remained at a high level (and actually increased) even as the early 2000 investment boom turned to a bust. This increased volume of research output on venture capital over the last decade is an additional justification for the second volume of the handbook. The process involved in the production of the handbook has been long and hard, but at the same time...