Abstract
This paper explores the practices of venture philanthropy (VP). A stage model is developed from an inductive analysis of high net worth entrepreneurs who are engaged in VP. The study used a qualitative case study research strategy. Informant interviews were conducted with three main groups: the principal philanthropists, foundation philanthropy teams and leaders of investee organisations in receipt of funding. The findings suggest a model of VP with eight distinct stages including deal sourcing, relationship building, screening and information gathering, co-creation, early decision-making, circular reasoning, deal structuring, post-investment after care, disengagement and return. Comparisons with venture capital (VC), developmental VC and business angel investment are drawn and distinct similarities and differences are highlighted. This suggests that VP is a hybrid model that incorporates elements of all three types of approaches.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.