The 'New' Venture Capital Cycle (Part I): The Importance of Private Secondary Market Liquidity

Mendoza, Jose Miguel; Vermeulen, E.P.M.

doi:10.2139/ssrn.1829835

Search citation statements

Order By: Relevance

Paper Sections

Select...

Search and Bargaining1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2012

2018

Publication Types

Select...

Article3

Relationship

Self Cite0

Independent3

Authors

Journals

Cited by 3 publications

(1 citation statement)

References 5 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Let p be the payment to VC's prevailing in the market, and p the payment a particular pair e and k negotiate as a function of p. Equilibrium is a fixed point. Let the value 5 Others (e.g., Mendoza and Vermeulen, 2011) emphasize liquidity, too, but do not model it formally, as we do, by building on recent developments in monetary theory. In Silveira and Wright (2010) we similarly studied the role of liquidity in the market for ideas, but that paper has little to do with the VC market.…”

Section: Search and Bargainingmentioning

confidence: 99%