Edited by Hans Landström
This Handbook provides an excellent overview of our knowledge on the various facets of managerial venture capital research. The book opens with a thorough survey of venture capital as a research field; conceptual, theoretical and geographic aspects are explored, and its pioneers revisited. The focus then shifts to the specific environs of venture capital.
Bootstrapping is a way of obtaining early-stage entrepreneurial funding without relying upon debt or equity-based finance vehicles. Reviewing the extant literature, Landström shows us that the vast majority of new ventures are established this way. The methods vary drastically, however, from credit cards and second mortgages to shared space and government subsidies. The article concludes with practical advice: bootstrapping should be a ubiquitous philosophy among entrepreneurs, although it does have its limits.
Hans Landström and Franz T. Lohrke
This research review includes classic works on the theoretical foundations of entrepreneurship research and provides important groundwork for future investigations. Professor Landstrm and Professor Lohrke have carefully selected the seminal, currently relevant and, in many cases, difficult-to-access studies within the field, covering the entrepreneurial processes of opportunity recognition, evaluation and exploitation. Reflecting the heavily interdisciplinary nature of the research, many of the papers have a basis in the spheres of economics, social sciences and strategic management.