Edited by Bart Clarysse, Professor of Innovation and Entrepreneurship, Vlerick Leuven Gent Management School, Gent University, Belgium and Professor of Innovation, Institute for Enterprise and Innovation, Nottingham University Business School, UK, Juan Roure, Professor of Entrepreneurship, IESE Business School, University of Navarra, Barcelona, Spain and Tom Schamp, formerly of IWT – Agentschap voor Innovatie door Wetenschap en Technologie, Brussels, Belgium

• Contents:Preface ForewordReinhard BüscherIntroductionPART I: THE FINANCIAL COMMUNITY’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY 1. Investment in Venture Capital Funds in EuropeSimon Barnes and Vanessa Menzies2. An Analysis of the Selection Behaviour of Early-Stage High-Tech Investors in EuropeBart Clarysse, Mirjam Knockaert, Andy Lockett and Caroline Van Eeckhout3. Private Equity Investors, Corporate Governance and ProfessionalizationChristof Beuselinck, Sophie Manigart and Tom Van Cauwenberge4. The Impact of Capital Inflows and Management Skills on the Performance of European Private Equity FundsChristoph Kaserer and Christian Diller5. Business Angels Academies: Unleashing the Potential for Business Angel Investment Juan Roure, Rudy Aernoudt and Amparo de San José RiestraPART II: THE ENTREPRENEUR’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY6. The Motivation of Entrepreneurs Toward Private Equity Financing: A Laddering ApproachGabriele Morandin, Massimo Bergami and Richard P. Bagozzi7. What Factors Determine the Use of Venture Capital? Evidence from the Irish Software SectorTeresa Hogan and Elaine Hutson8. Cross-Border Venture Captalists’ Support for the Internationalization of New Software Ventures Markus M. Mäkelä and Markku V.J. Maula9. Venture Capitalists’ Communication and Commitment: A Practitioner’s PerspectiveDirk De Clercq and Vance H. FriedPART III: PRIVATE EQUITY AND THE ROLE OF PUBLIC POLICY IN EUROPE10. Private Equity and the Development of University Spin-Out CompaniesMike Wright and Andy Lockett11. Dynamics of University Spin-Out Companies: Entrepreneurial Ventures of Technology Lifestyle Businesses?Richard T. Harrison and Claire M. Leitch12. Through a Glass Darkly: New Perspectives on the Equity GapGordon Murray and Dimo Dimov13. Innovation, Technology Transfer and the Equity Gap: A European PerspectiveTom SchampIndex

'. . . an interesting compilation of studies within a field of venture capital and entrepreneurship. . . will be of interest to various stakeholders such as investors, entrepreneurs and policymakers who are interested in the financing of young ventures. To some extent the book can be regarded as a gateway to scientific knowledge within the field.'

Edited by Bart Clarysse, Professor of Innovation and Entrepreneurship, Vlerick Leuven Gent Management School, Gent University, Belgium and Professor of Innovation, Institute for Enterprise and Innovation, Nottingham University Business School, UK, Juan Roure, Professor of Entrepreneurship, IESE Business School, University of Navarra, Barcelona, Spain and Tom Schamp, formerly of IWT – Agentschap voor Innovatie door Wetenschap en Technologie, Brussels, Belgium

• Contents:Preface ForewordReinhard BüscherIntroductionPART I: THE FINANCIAL COMMUNITY’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY 1. Investment in Venture Capital Funds in EuropeSimon Barnes and Vanessa Menzies2. An Analysis of the Selection Behaviour of Early-Stage High-Tech Investors in EuropeBart Clarysse, Mirjam Knockaert, Andy Lockett and Caroline Van Eeckhout3. Private Equity Investors, Corporate Governance and ProfessionalizationChristof Beuselinck, Sophie Manigart and Tom Van Cauwenberge4. The Impact of Capital Inflows and Management Skills on the Performance of European Private Equity FundsChristoph Kaserer and Christian Diller5. Business Angels Academies: Unleashing the Potential for Business Angel Investment Juan Roure, Rudy Aernoudt and Amparo de San José RiestraPART II: THE ENTREPRENEUR’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY6. The Motivation of Entrepreneurs Toward Private Equity Financing: A Laddering ApproachGabriele Morandin, Massimo Bergami and Richard P. Bagozzi7. What Factors Determine the Use of Venture Capital? Evidence from the Irish Software SectorTeresa Hogan and Elaine Hutson8. Cross-Border Venture Captalists’ Support for the Internationalization of New Software Ventures Markus M. Mäkelä and Markku V.J. Maula9. Venture Capitalists’ Communication and Commitment: A Practitioner’s PerspectiveDirk De Clercq and Vance H. FriedPART III: PRIVATE EQUITY AND THE ROLE OF PUBLIC POLICY IN EUROPE10. Private Equity and the Development of University Spin-Out CompaniesMike Wright and Andy Lockett11. Dynamics of University Spin-Out Companies: Entrepreneurial Ventures of Technology Lifestyle Businesses?Richard T. Harrison and Claire M. Leitch12. Through a Glass Darkly: New Perspectives on the Equity GapGordon Murray and Dimo Dimov13. Innovation, Technology Transfer and the Equity Gap: A European PerspectiveTom SchampIndex

'. . . an interesting compilation of studies within a field of venture capital and entrepreneurship. . . will be of interest to various stakeholders such as investors, entrepreneurs and policymakers who are interested in the financing of young ventures. To some extent the book can be regarded as a gateway to scientific knowledge within the field.'

Edited by Bart Clarysse, Professor of Innovation and Entrepreneurship, Vlerick Leuven Gent Management School, Gent University, Belgium and Professor of Innovation, Institute for Enterprise and Innovation, Nottingham University Business School, UK, Juan Roure, Professor of Entrepreneurship, IESE Business School, University of Navarra, Barcelona, Spain and Tom Schamp, formerly of IWT – Agentschap voor Innovatie door Wetenschap en Technologie, Brussels, Belgium

• Contents:Preface ForewordReinhard BüscherIntroductionPART I: THE FINANCIAL COMMUNITY’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY 1. Investment in Venture Capital Funds in EuropeSimon Barnes and Vanessa Menzies2. An Analysis of the Selection Behaviour of Early-Stage High-Tech Investors in EuropeBart Clarysse, Mirjam Knockaert, Andy Lockett and Caroline Van Eeckhout3. Private Equity Investors, Corporate Governance and ProfessionalizationChristof Beuselinck, Sophie Manigart and Tom Van Cauwenberge4. The Impact of Capital Inflows and Management Skills on the Performance of European Private Equity FundsChristoph Kaserer and Christian Diller5. Business Angels Academies: Unleashing the Potential for Business Angel Investment Juan Roure, Rudy Aernoudt and Amparo de San José RiestraPART II: THE ENTREPRENEUR’S PERSPECTIVE ON THE ROLE OF PRIVATE EQUITY6. The Motivation of Entrepreneurs Toward Private Equity Financing: A Laddering ApproachGabriele Morandin, Massimo Bergami and Richard P. Bagozzi7. What Factors Determine the Use of Venture Capital? Evidence from the Irish Software SectorTeresa Hogan and Elaine Hutson8. Cross-Border Venture Captalists’ Support for the Internationalization of New Software Ventures Markus M. Mäkelä and Markku V.J. Maula9. Venture Capitalists’ Communication and Commitment: A Practitioner’s PerspectiveDirk De Clercq and Vance H. FriedPART III: PRIVATE EQUITY AND THE ROLE OF PUBLIC POLICY IN EUROPE10. Private Equity and the Development of University Spin-Out CompaniesMike Wright and Andy Lockett11. Dynamics of University Spin-Out Companies: Entrepreneurial Ventures of Technology Lifestyle Businesses?Richard T. Harrison and Claire M. Leitch12. Through a Glass Darkly: New Perspectives on the Equity GapGordon Murray and Dimo Dimov13. Innovation, Technology Transfer and the Equity Gap: A European PerspectiveTom SchampIndex

'. . . an interesting compilation of studies within a field of venture capital and entrepreneurship. . . will be of interest to various stakeholders such as investors, entrepreneurs and policymakers who are interested in the financing of young ventures. To some extent the book can be regarded as a gateway to scientific knowledge within the field.'