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The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including those from the School of Psychological Sciences & Health - but also papers by researchers based within the Faculties of Science, Engineering, Humanities & Social Sciences, and from the Strathclyde Business School.

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Is there an industry consensus on risk? evidence from UK venture capital contracting in high-technology

Reid, J.G.C. and Smith, J.A. (2003) Is there an industry consensus on risk? evidence from UK venture capital contracting in high-technology. In: Frontiers of Entrepreneurship Research. Babson College, Massachusetts, USA. ISBN 0910897247

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Abstract

This paper seeks to determine whether there is a received view within the UK venture capital industry on investment risk and how it can be handled. This is explored in the context of backing high-technology ventures. The methodology involves eliciting attitude to risk by direct interview with leading investors. The findings suggest industry consensus on high- and low-risk investments and the key commercial factors affecting risk. However, when non-commercial factors are investigated industry consensus breaks down.