Center for Technology and Innovation Management
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News Press Releases Report Global Venture Capital Insights 20 May 2006. Source: Ernst & Young, Venture Capital Advisory Group at www.eyonline.com/growth Authors: Gil Forer (E&Y--VCAG) and Adj. Prof. Dr. Martin Haemmig (CeTIM - Center for Technology & Innovation Management) Contributors: Randy Komisar, Kleiner Perkins Caufield & Byers (Silicon Valley), Andrew Y. Yan, SB Asia (Beijing and Hong Kong), Sumir Chadha, Westbridge Capital Partners (Silicon Valley and Bangalore), Dr. Rainer Strohmenger, Wellington Partners (Munich) Following an active year of rebuilding, 2005 can be described as a year of transition in the venture capital industry. Transition came in the form of enhanced globalization of venture capital funds and venture-backed companies, regulatory changes that have impacted both funds and portfolio companies, and challenging capital markets. The convergence of globalization, Web 2.0, and media, as well as cross-innovation between IT and life sciences provides further indication that we are moving into a new environment in the venture capital industry. 2005 marked a period of transition in the global venture capital industry, as important developments in all the major markets signaled a passage into a new venture landscape. The mature markets of North America, Europe, and Israel experienced the increased globalization of venture capital funds and venture-backed companies, challenging capital markets, and regulatory changes that altered the operational assumptions of both funds and portfolio companies. At the same time, the emerging markets of China and India moved into a new phase in their development as venture capital hotbeds. The convergence of globalization, Web 2.0, and media, as well as cross-innovation between IT and life sciences provide further indications that the venture capital. Full article Return to News |
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