Seeds of growth : the challenges of venture capital in the Australian landscape
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2012
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| Online Access: | http://hdl.handle.net/1721.1/72856 |
| _version_ | 1826199316736245760 |
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| author | Lu, Adrian C. (Adrian Chian) |
| author2 | Michael A. Cusumano. |
| author_facet | Michael A. Cusumano. Lu, Adrian C. (Adrian Chian) |
| author_sort | Lu, Adrian C. (Adrian Chian) |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012. |
| first_indexed | 2024-09-23T11:18:13Z |
| format | Thesis |
| id | mit-1721.1/72856 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T11:18:13Z |
| publishDate | 2012 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/728562019-04-10T07:46:35Z Seeds of growth : the challenges of venture capital in the Australian landscape Challenges of venture capital in the Australian landscape Lu, Adrian C. (Adrian Chian) Michael A. Cusumano. Sloan School of Management. Sloan School of Management. Sloan School of Management. Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012. Cataloged from PDF version of thesis.. Includes bibliographical references (p. 85-90). The Australian venture capital (VC) industry is young and relatively immature compared to the United States. Even though the first Australian VC firm appeared in 1970, the industry remained a niche with low levels of activity until the technology boom of the late 1990s saw many new entrants and larger funds being raised. Unfortunately for the industry, it experienced two major economic downturns just as it was beginning to take shape, hurting industry performance and deterring investors. Since the global financial crisis, investment activity has been on a continuous decline, raising concerns that the industry will continue to decline at worst, or remain on a stagnant path at best, never reaching the critical mass to flourish and achieve a meaningful role in Australia's economic growth. Although recent economic events have impacted venture capital investing around the world, Australia faces a number of local challenges that have left it struggling while countries like the United States and the United Kingdom now make their recovery. In this study, we investigate the idiosyncratic factors contributing to the challenged state of the Australian VC industry-by looking at its recent history, performance, and participants-in the context of government policies that have been implemented to support it. We identify industry immaturity, poor track record of performance, gaps between research and commercialization, and the structure of institutional investors as key issues facing the industry. An understanding of the local challenges facing the venture capital industry is vital to addressing them. Based on the challenges identified, we evaluate and recommend potential remedies by taking a holistic view of the entrepreneurial ecosystem and the role of venture capital within it-from the perspective of entrepreneurs, investors, research institutions, and government. by Adrian C. Lu. S.M. 2012-09-13T18:56:57Z 2012-09-13T18:56:57Z 2012 2012 Thesis http://hdl.handle.net/1721.1/72856 808145063 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 90 p. application/pdf u-at--- Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Lu, Adrian C. (Adrian Chian) Seeds of growth : the challenges of venture capital in the Australian landscape |
| title | Seeds of growth : the challenges of venture capital in the Australian landscape |
| title_full | Seeds of growth : the challenges of venture capital in the Australian landscape |
| title_fullStr | Seeds of growth : the challenges of venture capital in the Australian landscape |
| title_full_unstemmed | Seeds of growth : the challenges of venture capital in the Australian landscape |
| title_short | Seeds of growth : the challenges of venture capital in the Australian landscape |
| title_sort | seeds of growth the challenges of venture capital in the australian landscape |
| topic | Sloan School of Management. |
| url | http://hdl.handle.net/1721.1/72856 |
| work_keys_str_mv | AT luadriancadrianchian seedsofgrowththechallengesofventurecapitalintheaustralianlandscape AT luadriancadrianchian challengesofventurecapitalintheaustralianlandscape |