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
Englisch

Bibliographic citation
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
Management
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
New Firms; Startups
Nonprofit Institutions; NGOs; Social Entrepreneurship
Subject
Entrepreneur
Foundations
Neighborhoods
Community Development

Event
Geistige Schöpfung
(who)
Gittell, Ross
Sohl, Jeffrey
Thompson, Phillip
Event
Veröffentlichung
(who)
JAI Press
(where)
Greenwich, CT
(when)
1996

Handle
Last update
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

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