First Money, Venture Capital and A Procurement Policy Idea.
DGS ASSOCIATES WASHINGTON DC
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This report is a first attempt to combine publicly available venture capital and RD data. Unfortunately, venture capital reports include some costs of new product development which are not included in RD reports. Thus such costs cannot be directly compared even though they are both applied to a common purpose, to explore and develop new products, services, and processes. More meaningful data and analysis would be a consequence if all new product capital were to be reported using common ground rules. The thesis advanced in this report is that private entrepreneuring firms and individuals are more interested in risk capital than they are in either venture capital or RD. Further, they explicitly separate risk capital into two component parts the part which must be internally-supplied, First Money, and the part which must be externally-supplied by non-associated outside sources, Venture Capital.
- Administration and Management
- Economics and Cost Analysis