Download This PaperDynamic Views of Startup Governance and Failure
in the Research Handbook on the Structure of Private Equity and Venture Capital (Edward Elgar Publishing, Elisabeth de Fontenay & Brian Broughman eds., forthcoming)
26 Pages Posted: 30 May 2024
Date Written: May 28, 2024
Abstract
Understanding venture-backed startup governance and failure involves (1) taking account of the distinctive form of contracting and governance mechanisms deployed in venture capital financings, (2) appreciating the pattern of dynamic governance change across the life cycle of a startup for its varied participants, and (3) including a broader portfolio or ecosystem view that incorporates the business model of venture capital. This book chapter examines each in turn and concludes with areas for future research.
Keywords: startups, venture capital, VC, venture capital contracting, financial contracting, startup governance, power law, corporate law, securities law
JEL Classification: G30, G32, G34, K22, L26
Suggested Citation: Suggested Citation
Elizabeth Pollman (Contact Author)
University of Pennsylvania Carey Law School; Co-Director, University of Pennsylvania Carey Law School - Institute for Law and Economics; European Corporate Governance Institute ( email )
3501 Sansom Street
Philadelphia, PA 19104
United States
European Corporate Governance Institute (ECGI)
c/o the Royal Academies of Belgium
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Belgium