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| Author: | Waddell, S. J. |
| Title: | Emerging social-economic instititutions in the venture capital industry: an appraisal |
| Journal: | American Journal of Economics and Sociology
1995 : JUL, VOL. 54:3, p. 323-338 |
| Index terms: | VENTURE CAPITAL SOCIAL ECONOMICS FINANCIAL SERVICES |
| Language: | eng |
| Abstract: | Nine venture capital organizations which are taking equity positions with socially guided as well as financial goals are investigated. The organizations are presented as new entrants to the financial industry, and are placed in the context of community development financial institutions and social investment funds. Four emerging models are identified: socially guided venture capital networks, socially guided private funds, Specialized Small Business Development Corporations and equity Community Development Corporations. Forty-nine deals of six of the organizations are analyzed for financial and social outcomes. The paper concludes that the private venture funds have the most promising future, and predicts the emergence of publicly offered venture capital funds that incorporate social goals. |
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