5. Basic financing mechanisms
Innovation is a process with an uncertain outcome. Creating and developing an innovative start-up is therefore, by its very nature, an activity whose success depends solely on the commercial success of the innovation. Venture capitalists have developed a set of specific mechanisms to help them manage the development of this type of company and the various uncertainties it may face.
5.1 Uncertainties inherent in the development of young innovative companies
The main uncertainties linked to the development of a young innovative company are of several kinds:
technology ;
commercial ;
managerial ;
financial ;...
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Basic financing mechanisms
Industry adapting to the mutation of innovation
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