A Globalizing Industry
Edited by Hans Landström and Colin Mason
In this final chapter of the Handbook we will discuss the future of venture capital and venture capital research, but also give some advice and suggestions for PhD students interested in venture capital. We have organized the discussion as a ‘round-table’ discussion among some of the authors of the chapters in the Handbook of Research on Venture Capital: Volume 2. In the chapter we will start to discuss the evolution of venture capital around the world – the past and future trends on the market as well as the role of governments for the evolution of venture capital. Second, we will continue to discuss our knowledge on venture capital – what have been learned and what needs to be learned in the future. Finally, as many PhD students read this kind of Handbook, the authors of the chapters will give some advice and suggestions for PhD students interested in writing their thesis on topics related to venture capital and business angels. We will start talking about the evolution of venture capital in the past. Over the last 30–40 years venture capital has grown from a rather regional phenomenon in the US, not least in high-tech regions like the San Francisco and Boston areas, towards an international activity. As you see it, what are the major changes taking place in venture capital over the last four decades?
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