Spread, Scope, and Scale in Venture Capital Globalization: A Clustered Globalization Model

Ravi Madhavan, Akie Iriyama

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Citation (Scopus)

Abstract

This article reviews some recent developments in the literature on venture capital (VC) globalization. It then develops a conceptual model addressing the spread, scope, and scale of globalization in this critical industry that is central to innovation and entrepreneurship. It proposes the clustered globalization model as a unifying construct that brings together the spread, scope, and scale of VC globalization, and provides a baseline framework for thinking about globalization in the VC industry. In clustered globalization, the geographical spread of VC will continue but not in a "world is flat" sense; rather the emergence of more clusters worldwide is expected, and the organizational linkages between them will consist of loosely coupled VC firm families rather than integrated VC multinationals.

Original languageEnglish
Title of host publicationThe Oxford Handbook of Venture Capital
PublisherOxford University Press
ISBN (Print)9780199968732, 9780195391596
DOIs
Publication statusPublished - 2012 Sep 18
Externally publishedYes

Fingerprint

Globalization
Venture capital
Industry
Entrepreneurship
Multinationals
Venture capital firms
Conceptual model
Innovation
Linkage
Integrated

Keywords

  • Clustered globalization
  • Entrepreneurship
  • Innovation
  • Venture capital industry

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Spread, Scope, and Scale in Venture Capital Globalization : A Clustered Globalization Model. / Madhavan, Ravi; Iriyama, Akie.

The Oxford Handbook of Venture Capital. Oxford University Press, 2012.

Research output: Chapter in Book/Report/Conference proceedingChapter

Madhavan, Ravi ; Iriyama, Akie. / Spread, Scope, and Scale in Venture Capital Globalization : A Clustered Globalization Model. The Oxford Handbook of Venture Capital. Oxford University Press, 2012.
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