Risk Appraisal and Venture Capital in High Technology New Ventures

Appealing to both mainstream and evolutionary economists, this book, written by an author with an excellent track record - Reid has already published eight books, most of the extremely influential, is a ?crossover? treatment of quantitative and qualitative risk analysis within the setting of new high technology ventures. In this volume Reid and Smith have based their research on extensive fieldwork in patent-intensive, high-technology firms. This has included face-to-face interviews with leading investors and is illustrated by two chapters of case studies. It advances the understanding of methods of risk assessment and to illuminate current policy concerns about stimulating innovative output and securing intellectual property. Academic in intent and purpose, yet strongly grounded in practice, this book offers a useful and interdisciplinary approach to an increasingly popular field of study. This book will be of considerable interest to students of financial and industrial economics, andfinancial and management accounting, and to practitioners in banking, private equity and business and management consultancies.