The evaluation criteria used by Venture capitalists: Evidence from a UK Venture fund

International Small Business Journal

Volumn 16, Issue 1, 1997, Pages 36-57

  Boocock, Grahame ^a   Woods, Margaret ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0006167352     PISSN: 02662426     EISSN: 17412870     Source Type: Journal    
DOI: 10.1177/0266242697161003     Document Type: Article

References (30)

1. Acost - Advisory Council on Science and Technology (1990), The Enterprise Challenge: Overcoming Barriers to Growth in Small Firms. HMSO, London.
2. Bannock, Graham and Partners Ltd. (1991), Venture Capital and the Equity Gap. Graham Bannock and Partners Ltd.
3. Boocock, J.G., Woods, M.M., and Caley, K. (1995), "The Equity Gap in the East Midlands: An Initial Assessment of the Operation of a New Venture Capital Fund". In: Chittenden, F.et al.(eds) Small Firms: Partnerships for Growth. London: Paul Chapman Publishing Ltd, pp1-48.
4. British Venture Capital Association- BVCA. (Various), Annual Report on Investment Activity.
5. Bruno, A.V., and Tybejee, T.T. (1983), "The one that got away: A study of ventures rejected by capitalists". In: Hornaday, J. A.et aL(eds), Frontiers of Entrepreneurship Research. Proceedings of 1983 Conference on Entrepreneurship, Wellesley, MA: Babson College, pp289-306.
6. Bygrave, W.D., and Timmons, J.A. (1992), Venture Capital at the Crossroads. Harvard Business School Press, Mass, US.
7. Dixon, R. (1991), "Venture Capitalists and the Appraisal of Investments ". Omega, 19 (5), pp333-344.
8. Freear, J., and Wetzel, W.E. (1992), "The Informal Venture Capital Market in the 1990s ". In Sexton, DJ and Kasarada, J.D. (eds), Entrepreneurship in the 1990s, Boston: PWS-Kent, pp 462-486.
9. Fried, V.H., and Hisrich, R.D. (1988), "Venture Capital Research: Past, Present and Future ". Entrepreneurship Theory and Practice, Fall 1988, pp15-28.
10. Fried, V.H., and Hisrich, R.D. (1994), "Toward a Model of Venture Capital Investment Decision Making". Financial Management, 23 (3), Autumn1994, pp 28-37.
11. Gorman, M., and Sahlman, W.A. (1989), "What Do Venture Capitalists Do?" Journal of Business Venturing, May, pp 231-248.
12. Hall, H.J. (1989), Venture Capital Decision Making and the Entrepreneur: An Exploratory Investigation. Unpublished Doctoral Thesis. University of Athens, Georgia.
13. Hall, H.J., and Hofer, C.W. (1993), "Venture Capitalists' Decision Criteria in New Venture Evaluation". Journal of Business Venturing, 8, pp25-42.
14. Lorenz, A. (1989), Venture Capital Today, 2nd ed. Woodhead-Faulkner, London.
15. Mason, C.M., and Harrison, R.H. (1993), "Strategies for Expanding the Informal Venture Capital Market". International Small Business Journal, 11 (4), pp 23-38.
16. Mason, C.M., and Harrison, R.H. (1994), "Informal Venture Capital in the UK". In: Hughes A and Storey D.J (eds), Finance and the Small Firm. Routledge, London, pp64-111.
17. Mason, C.M., and Harrison, R.H. (1995), "Why 'Business Angels' Say No: A Case Study of Opportunties Rejected by an Informal Venture Capital Syndicate". International Small Business Journal, 14 (2), pp 35-51.
18. McMeekin, D. (1991), "Finance for Enterprise: Closing The Equity Gap ", Paper presented to the 14th National Small Firms' Policy and Research Conference, Blackpool. Unpublished.
19. MacMillan, I.C., Siegel, R., and Subba Narasimha, P.N. (1985), "Criteria Used By Venture Capitalists to Evaluate New Venture Proposals". Journal of Business Venturing, 1, pp119-128.
20. MacMillan, I.C., Zemann, L. and Subba Narasimha, P.N. (1987), "Criteria Distinguishing Successful from Unsuccessful Ventures in the Venture Screening Process". Journal of Business Venturing, 2, pp 123-137.
21. Norton, E. (1993), "Venture Capital Finance: Review and Synthesis ", in Advances in Quantitative Analysis of Finance and Accounting, 2 (B), pp141-165. JAI Press Inc.
22. Joondoug Rah, Kyungjin Jung and Jinjoo Lee. (1994), "Validation of the Venture Evaluation Model in Korea". Journal of Business Venturing, 9 (6), pp509-524.
23. Ray, D.M. (1993), "Pioneering Venture Capital in Developing Countries: Strategic Implications in South East Asia". Journal of International Business and Entrepreneurship, 2 (1), pp23-63.
24. Robinson, R.B. (1987), "Emerging Strategies in the Venture Capital Industry ", Journal of Business Venturing, 2(1), pp53-77.
25. Sandberg, W.R., Schweiger, D.M. and Hofer, C.W. (1988), "The Use of Verbal Protocols in Determining Venture Capitalists' Decision Processes". Entrepreneurship Theory and Practice, Winter, pp8-20.
26. Silver, A.D. (1985), Venture Capital: The Complete Guide for Investors. New York: John Wiley and Sons.
27. Sweeting, R.C. (1991), "UK Venture Capital Funds and the Funding of New Technology based Businesses: Process and Relationships". Journal of Management Studies, 28 (6), pp601-622.
28. Tyebjee, T.T., and Bruno, A.V. (1984), "A Model of Venture Capitalist Investment Activity ". Management Science, 30 (9), pp1051-1066.
29. University of Cambridge, Small Business Research Centre. (1992), The State of British Enterprise: Growth, innovation and competitive advantage in small and medium-sized firms, Cambridge.
30. Warne, K.F. (1988), Essays on the Venture Capital Market, Yale University, Unpublished PhD Dissertation, cited in Barry, C.B. (1994) "New Directions in Research on Venture Capital Finance" Financial Management, 23 (3), Autumn1994, pp 3-15.