14-3 Venture Capital Ⅴ enture Capital Money invested to finance a new firm Since success of a new firm is highly dependent on the effort of the managers restrictions are placed on management by the venture capital company and funds are usually dispersed stages. after a certain level of success is achieved Irwin/McGraw-Hill CThe McGraw-Hill Companies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 14- 3 Irwin/McGraw-Hill Venture Capital Since success of a new firm is highly dependent on the effort of the managers, restrictions are placed on management by the venture capital company and funds are usually dispersed in stages, after a certain level of success is achieved. Venture Capital Money invested to finance a new firm