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NOTE: Since 2009 the title of the International Journal of Entrepreneurship Education (IJEE) has been changed to the title above.  ISSN numbers: IJEE 1649-2269 and IRE 2009-2822

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ISSN Number: 2009-2822. Frequency: 4 Issues per year (online only)  

Will the Old Venture Model Work with New Web-Based Start-Ups?

IRE Vol 7: Issue 1, 2009 , Pages 21-32

Author(s): Robert Hendershott (Santa Clara University)

This paper suggests that the traditional venture capital industry, evolved for relatively capital intensive start-ups like semiconductor firms, is a poor fit for the next generation of webbased start-ups. However, the same forces that make venture capital a poor fit also make venture capital less relevant, providing an alternative path for entrepreneurs to create the next cohort of leading web firms.

Keywords: entrepreneurship, venture capital, Web 2.0.

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