Steph- Week 13_ Governments, Entrepreneurship _ Venture Capital

Steph- Week 13_ Governments, Entrepreneurship _ Venture Capital

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Governments, Entrepreneurship & Venture Capital Stephanie Craig
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South African Innovation Performance and Policy What mistakes do governments frequently make in boosting technology-based entrepreneurship and venture capital? The South Africa Tech Start-Up Scene – What’s Happening?
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The Boulevard of Broken Dreams: Innovation policy and Entrepreneurship Following the 2008/2009 financial crisis Mass government intervention Appropriate action? Assisting failing entities v investing into new entities? 2008 : Initiation of a massive global experiment in the government as a venture capitalist Focused on the most troubled and poorly managed firms in the economy,
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Two Sides to the Story… Silicon Valley, Singapore, Tel Aviv, Shanghai, Bangalore an Dubai = great hubs of entrepreneurial activity Huge public sector involvement But also many failures of substantial public investment Pursuit of Entrepreneurial growth by the public sector = a massive casino?
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Same Troublesome Set of Problems… This is not the case. Government failure often very predictable Shared set of flaws in government designs that have been found in projects based all over the world.
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Key Take-Away Only by developing a program that reflects an understanding of, and a willingness to listen to the entrepreneurial process can government succeed.
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Please note: Only looking at high-potential, new ventures and the policies that affect them Most of the literature focused on subsistence businesses Need to distinguish between the two Also ignores restructurings, leveraged buy-outs and late stage private equity investments Complex set of issues for another discussion
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What’s the deal with Venture Funding? Entrepreneurship obvious benefits Venture Capital needed to assist entrepreneurs Alleviates restricted access to capital challenges What is Venture Capital?
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