Venture Capital Investment and Government Incentives: Law, Regulation, and Policy Design (Hart Studies in Commercial and Financial Law)

This book explores the best ways for governments to design venture capital investment incentives.Venture capital is a multi-billion-dollar industry and a major driver of innovation and national growth.Investment in startup companies by venture capital funds helps finance new inventions and create wealth, economic growth, and jobs.However, because venture capital investment is highly risky and sensitive to market downturns, many governments around the world use special legal and tax incentives to help encourage this form of investment.Since the introduction of the first venture capital incentive in the USA in 1958, scores of venture capital incentives have come and gone.These incentives have experienced varied success, with some failing entirely. Filling a gap in an important area, this book employs a legal and regulatory approach to examine venture capital policy from a global perspective.It uses an analytical framework to evaluate the design, implementation, and success of incentives,