Venture Governance: Venture Capital-backed Startups in Silicon Valley and Tokyo: 2005

Philipp D. Riekert's theory of comparative corporate governance of venture capital-backed startup companies focuses on the complementarities between financing, human resource, and market strategies of the startup company, and takes a functional view towards entrepreneuership as bringing about innovation by combining the functions of initiation, uncertainty-bearing, and coordination. :Dr. Philipp D. Riekert promovierte bei Prof. Dr. Dr. h.c. mult. Horst Albach an der Wissenschaftlichen Hochschule fr Unternehmensfhrung (WHU) in Koblenz. Er studierte und forschte an der Stanford University in den USA und an der Keio Business School in Japan. 1. Introduction.- 1. 1. Thesis.- 1. 2. Empirical Motivation.- 1. 3. Methodology.- 1. 4. Related Theory.- 1. 5. Definition of Key Terms.- I. The Governance of Business Venturing.- 2. Entrepreneurship and Concepts of the Firm.- 2. 1. The Firm as Entrepreneurial Organization.- 2. 2. Types of Assets and Fundamental Governance Mechanisms.- 2. 3. The Vertical Model of the Firm.- 2. 4. The Horizontal Model of the Firm.- 3. Problems in Corporate Governance.- 3. 1. The Corporate Governance Debate.- 3. 2. Finance and Agency.- 3. 3. Governing Human Assets.- 3. 4. Governing Information Assets.- 4. A Framework for Comparative Venture Governance.- 4. 1. Comparative Corporate Governance.- 4. 2. Governance Issues in the Startup Venture.- 4. 3. Research Questions.- II. The Silicon Valley Model.- 5. Silicon Valley's Regional Economy.- 5. 1. From the Valley of Heart's Delight.- 5. 2. Silicon Valley Industry Clusters.- 5. 3. An Entrepreneurial Habitat.- 6. Classic Venture Capital.- 6. 1. Historical Development.- 6. 2. Organization of Professional Venture Capital.- 6. 3. Venture Capital Within the Financial System.- 7. Venture Capital-backed Startups in Silicon Valley.- 7. 1. Initiation.- 7. 2. Financing.- 7. 3. Human Resources.- 7. 4. Market Strategy.- 7. 5. Professionalization.- III. Startup Ventures in Tokyo.- 8. Economic Background.- 8. 1. Economic Slump and Corporate Governance Crisis.- 8. 2. Venture Business in Japan.- 8. 3. A New Breed of Internet Ventures.- 9. Emerging Classic Venture Capital.- 9. 1. Evolution of Venture Capital in Japan.- 9. 2. Birth of Classic Venture Capital.- 10. Venture Capital-backed Internet Startups in Tokyo.- 10. 1. Survey Design.- 10. 2. Case Study Profiles.- 10. 3. Initiation.- 10. 4. Financing.- 10. 5. Human Resources.- 10. 6. Market Strategy.- 10. 7. Professionalization.- IV. Comparative Venture Governance.- 11. Silicon Valley Venture Governance.- 11. 1. Stylized Governance System.- 11. 2. De-bundling Entrepreneurship.- 11. 3. Innovating Corporate Governance.- 11. 4. The Hazards of the Venture Capital Cycle.- 12. Emerging Venture Governance in Tokyo.- 12. 1. Stylized Governance System.- 12. 2. Trajectories of Organizational Innovation.- 13. Conclusions.