Concept information
Preferred term
venture management firms
Definition
- Venture management firms provide their venture clients with the necessary capital, interim management support, and relevant resources to achieve business tractions for the company's product or service. Donald King and Robert Thornton define venture as an abbreviated word for “entrepreneurial adventure” and a venture management firm as “an organization initiated to capitalize on new products and markets. [Source: Encyclopedia of New Venture Management; Venture Management Firms]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/venture_management_firms
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