Artikel
Investing in Neighborhood Entrepreneurs: Private Foundations as Community Development Venture Capitalists
Entrepreneurs in low-income and minority neighborhoods encounter numerous problems in securing capital. To address this capital gap this paper considers a new role for private foundations as community development venture capitalists (CDVCs). It is suggested that through grant making and program-related investments, foundations may assume an equity stake in neighborhood-based entrepreneurs and acting as CDVCs apply lessons from the value-added component of private equity financing, including drawing on their expertise, professional contacts and financial resources to contribute to entrepreneurial efforts in the inner city.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Entrepreneurial and Small Business Finance ; ISSN: 1057-2287 ; Volume: 5 ; Year: 1996 ; Issue: 2 ; Pages: 175-191 ; Greenwich, CT: JAI Press
- Classification
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Management
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
New Firms; Startups
Nonprofit Institutions; NGOs; Social Entrepreneurship
- Subject
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Entrepreneur
Foundations
Neighborhoods
Community Development
- Event
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Geistige Schöpfung
- (who)
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Gittell, Ross
Sohl, Jeffrey
Thompson, Phillip
- Event
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Veröffentlichung
- (who)
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JAI Press
- (where)
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Greenwich, CT
- (when)
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1996
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
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Object type
- Artikel
Associated
- Gittell, Ross
- Sohl, Jeffrey
- Thompson, Phillip
- JAI Press
Time of origin
- 1996