The Venture Capitalist Business Model. Negotiating shares for money among heterogeneous actors under asymmetric information and double moral hazard

      Аннотация: The vision behind "The Venture Capitalist Business Model" is to strengthen the entrepreneur's position in the negotiation process regarding equity investment from various potential venture capital investors. This process is normally dominated by the prevalence in negotiation power of the investor over the entrepreneur caused by the investors's massive prevalence in financial, legal and professional expertise. The fundamental information asymmetry resulting from research on the innovative business idea of the entrepreneur, can often not sufficiently be brought to bear in the negotiation process about giving away shares in exchange for an investment. "The Venture Capitalist Business Model" tries to give an overview and provide a framework for improving this negotiation process between entrepreneurs and venture capital investors about shares for money depending on time to market and underlying risk.

Ключевые слова: Venture Capital, Entrepreneur, business model, Share Distribution, Double Moral Hazard, Advice, survival probability, investment, Time to Market