Philanthropic venture capital (PhVC), like traditional venture capital (TVC), provides funding and value-added services to a portfolio of entrepreneurial firms. However, TVC differs from PhVC, as the primary goal of TVC is to maximize the economic return of its investments. In contrast, PhVC firms expect their portfolio companies to perform well in terms of both social and economic returns. Using both American and European firms, this paper explores and compares the human capital in PhVC and TVC firm founders. Our results show that there are key differences in both general and specific human capital between these firm types. While both TVC and PhVC firm founders have high levels of commercial experience, TVC firm founders tend to hold degrees in science, engineering, business, and law more frequently than PhVC firm founders. PhVC founders also differ from TVC founders by having greater work experience in the social sector.

(2017). Ingredients Matter: How the Human Capital of Philanthropic and Traditional Venture Capital Differs [journal article - articolo]. In JOURNAL OF BUSINESS ETHICS. Retrieved from http://hdl.handle.net/10446/150929

Ingredients Matter: How the Human Capital of Philanthropic and Traditional Venture Capital Differs

Scarlata, Maria Rosa;
2017-01-01

Abstract

Philanthropic venture capital (PhVC), like traditional venture capital (TVC), provides funding and value-added services to a portfolio of entrepreneurial firms. However, TVC differs from PhVC, as the primary goal of TVC is to maximize the economic return of its investments. In contrast, PhVC firms expect their portfolio companies to perform well in terms of both social and economic returns. Using both American and European firms, this paper explores and compares the human capital in PhVC and TVC firm founders. Our results show that there are key differences in both general and specific human capital between these firm types. While both TVC and PhVC firm founders have high levels of commercial experience, TVC firm founders tend to hold degrees in science, engineering, business, and law more frequently than PhVC firm founders. PhVC founders also differ from TVC founders by having greater work experience in the social sector.
articolo
2017
Scarlata, Maria Rosa Giovanna; Walske, Jennifer; Zacharakis, Andrew
(2017). Ingredients Matter: How the Human Capital of Philanthropic and Traditional Venture Capital Differs [journal article - articolo]. In JOURNAL OF BUSINESS ETHICS. Retrieved from http://hdl.handle.net/10446/150929
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/150929
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