This week will be a turbulent one for the Eurozone. Greece will certainly default again on its debt, at least partially, after a first default in 2011. Here’s the cause of the problem in one picture:
Much of the literature on venture capital (VC) policies is inspired by the success of a handful highly visible companies such as Microsoft, Compaq, Intel, Google, and Apple. These companies, nowadays, are huge and extremely powerful, but at some point in their development they had to resort to VC. These companies are, of course, the envy of many countries – who wouldn’t want to have such firms flourishing in his or her country?
In recent months I have been on an internship with the Dutch Ministry of Finance in order to write my Master’s Thesis for the MSc in Finance. Two weeks ago I graduated from Tilburg University based on the research I did at the Ministry. The Dutch Venture Capital Association (the NVP) even published my work (here’s a PDF).
Working at the Ministry of Finance in the Hague was a very pleasant and rewarding experience, despite the lengthy daily train journeys. I worked in a directorate with young people, who helped me enormously with my research. I have been there for over 4 fulltime months. At the beginning I had no real clue about venture capitalism aside from a general understanding of its mechanisms, let alone about public policies that optimally support venture capital investments.