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It was not that long ago that it might have been possible to cover
the topic of venture capital in one paper. Now, it is not possible
to provide comprehensive coverage in even one book. The industry
has flourished, as variations of he initial venture capital funds
have been developed and now operates in most developing and
developed economies. This is clearly reflected in this volume,
which has a strong focus on Europe and Asia. Each of the papers is
a stand alone effort. However, a full reading of the volume
provides a panoramic picture of the global extent of venture
capital, some of its challenges, and the likely direction of future
efforts. Venture capital and the venture capitalist have been shown
to have a positive impact on performance in many cases. This is
clearly the reason why some many emerging economies want to
increase the level of venture capital investment in their country.
Despite a number of success stories presented in the media, not all
habitual entrepreneurs (entrepreneurs who have owned at least two
businesses) are consistently successful. This book is inspired by
the apparent dearth of rigorous research to underpin - or in some
cases challenge - the popular perception of habitual entrepreneurs.
It seeks to address the gap in the literature by shedding light on
the phenomenon of habitual entrepreneurship. Deniz Ucbasaran, Paul
Westhead and Mike Wright use a combination of theory and empirical
evidence to illustrate why it is so important for researchers,
policymakers, entrepreneurs and investors to distinguish between
novice (i.e. first time) entrepreneurs and habitual entrepreneurs.
Issues tackled include human capital characteristics, information
search and opportunity identification behaviours, and the
performance of different types of entrepreneurs. The book also
highlights the heterogeneity of habitual entrepreneurs by drawing
attention to serial and portfolio entrepreneurs. Developing a
conceptual framework and an agenda for future research, Habitual
Entrepreneurs will prove a significant reference tool for
academics, students and researchers with an interest in
entrepreneurship and SMEs. Its systematic analysis of the role of
prior entrepreneurial experience in the venturing process will also
be invaluable to practitioners such as policymakers, entrepreneurs
and investors.
It was not that long ago that it might have been possible to cover
the topic of venture capital in one paper. Now, it is not possible
to provide comprehensive coverage in even one book. The industry
has flourished, as variations of he initial venture capital funds
have been developed and now operates in most developing and
developed economies. This is clearly reflected in this volume,
which has a strong focus on Europe and Asia. Each of the papers is
a stand alone effort. However, a full reading of the volume
provides a panoramic picture of the global extent of venture
capital, some of its challenges, and the likely direction of future
efforts. Venture capital and the venture capitalist have been shown
to have a positive impact on performance in many cases. This is
clearly the reason why some many emerging economies want to
increase the level of venture capital investment in their country.
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