{"product_id":"9781786300690","title":"Venture Capital and the Financing of Innovation","description":"The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France. This book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations.","brand":"Bernard Guilhon","offers":[{"title":"Default Title","offer_id":47052021137726,"sku":"9781786300690","price":0.0,"currency_code":"ZAR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9781786300690_ceaa7a60-59ce-477c-85c4-2873cb7c0a5e.jpg?v=1707623917","url":"https:\/\/exclusivebooks.co.za\/products\/9781786300690","provider":"Exclusive Books Online","version":"1.0","type":"link"}