The aim of the present study is to systematically analyse the market for crowd investing in Germany, which is in the process of development. In this context, crowd investing should be seen as an innovative complement to venture capital. A further goal of the work is thus the discussion with financing by venture capital. This ensures that the investigation of crowd-investing is carried out and classified against a macroeconomic background.
Accordingly, the work is structured as follows: First, a systemtematic analysis of the forms of financing venture capital and private equity, or the German venture and equity capital market, is carried out. Beginning with an introductory definition and differentiation of venture capital from private equity, the investigation then extends to the players involved in the market and the overall economic significance of venture capital and equity capital. Furthermore, the financing phases and the financing process as well as the legal and tax framework will be analysed. The next chapter is devoted to the analysis of the current environment and the current situation in private equity and in particular in the venture capital sector. In particular, the German venture capital market is evaluated and assessed on the basis of statistical measures. One focus of the work is the investigation of the novel instrument crowd investing carried out in Chapter 8. First, the general functioning of crowd investing is explained. Then the currently active crowd investment platforms in the market, on which the entire investment process takes place, will be compared with regard to regulations, activities and transacted transactions. Furthermore, it will be determined for which companies crowd investing is a suitable alternative and how the development chances of the market can be estimated. A comparison of the financing forms venture capital and crowd investing is the subject of the tenth chapter.
At the end the following questions will be answered: What is the current situation of the German venture capital market? What problems can arise with venture capital financing? How does crowd investing work? What is the current legal and market situation like? For which companies is crowd investing an alternative to venture capital, if it is one at all? What is the potential of crowd investing and can it be classified as an innovative complement to venture capital?
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Theoretical basics: Venture Capital
- Definition and characteristics of venture capital
- Characterization of Venture Capital Financing
- Characteristics of Venture Capital
- Distinction between venture capital and private equity
- Meaning and objectives of venture capital
- Meaning and objectives of the venture capital providers
- Meaning and Objectives of the Venture Participants
- Significance and objectives of venture capital companies
- Historical development of venture capital
- The historical development of VC in the USA
- The historical development of VC in Germany
- Macroeconomic significance of venture capital and private equity
- The financing phases and the financing process
- Legal and fiscal framework conditions
- Venture capital and private equity in the current environment
- Venture Capital and Private Equity in Germany
- Distribution of private equity investments by regions and sectors
- Divestments of associated companies
- International comparison of the German venture capital market
- Venture Capital Investments by Business Angels
- Public venture capital financing in Germany
- Deficits of the German equity and venture capital market and possible suggestions for improving the framework conditions
- Summary and transition to start-up financing by crowd investing
- Venture capital as an asset class national / international
- Upheavals in international corporate finance call for improved framework conditions for international venture capital financing activities
- Practical Opportunities and Potential / Trends for Venture Capital in the International Finance Sector
- Interim conclusion on the subject of venture capital
- Start-up financing 2.0: crowd investing
- Definition and definition of terms
- The Web 2.0: Importance as infrastructure for crowd investing
- Functionality and significance of crowdfunding
- General functioning of crowd investing
- Legal framework of crowd investing
- Obligation of crowd investing platform operators to obtain permission
- Obligation to publish a prospectus
- Forms of participation in crowd investing
- The crowd investing platforms in Germany
- Overview: The German crowd investing platforms
- Transactions on the German crowd investing platforms
- Special Features of Other Crowd Investing Platforms
- Categorisation of founding companies in crowd investing
- Crowd investing for medium-sized companies
- Secondary benefits of crowd investing for companies
- Summary and development forecast
- Resources for start-up financing in the current market environment
- Crowdinvesting as an innovative addition to the German venture capital market: comparison, result formulation and summary
- Classification and comparison of crowd investing as an innovative addition to venture capital financing by venture capital companies
- Classification and comparison of crowd investing as an innovative complement to venture capital financing by business angels
- Possibilities for the interaction of crowd investing and 'classic' venture capital financing
- Summary formulation of results and conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This book aims to provide a comprehensive analysis of venture capital and crowd investing as key financial instruments in the international and national financial markets. It explores the theoretical underpinnings, historical development, and current practices of both concepts, examining their significance for start-up financing and overall economic growth.
- The role of venture capital and crowd investing in financing innovation and entrepreneurial ventures
- The legal and regulatory framework surrounding venture capital and crowd investing
- The opportunities and challenges associated with both instruments in the global financial landscape
- The relationship between venture capital and crowd investing and their potential for complementarity
- The economic impact of venture capital and crowd investing on regional and national economies
Zusammenfassung der Kapitel (Chapter Summaries)
The first chapter introduces the fundamental concepts of venture capital, outlining its definition, characteristics, and historical development. It then delves into the meaning and objectives of venture capital providers, venture participants, and venture capital companies. The chapter concludes by examining the macroeconomic significance of venture capital and private equity, exploring their role in fostering economic growth and innovation.
The second chapter focuses on the practical application of venture capital in the current financial environment, with a particular emphasis on the German market. It analyses the distribution of private equity investments by sector and region, investigates the process of divestment, and compares the German venture capital market to its international counterparts. The chapter concludes by examining public venture capital financing in Germany and identifying potential areas for improvement in the regulatory framework.
The third chapter examines the role of venture capital as an asset class on both national and international levels. It explores the evolving nature of international corporate finance and the implications for venture capital financing activities. The chapter concludes by highlighting practical opportunities and trends for venture capital in the global finance sector.
The fourth chapter delves into the emerging field of crowd investing, presenting a definition and overview of its functionalities. It explores the legal framework surrounding crowd investing and examines the role of crowdfunding platforms in Germany and beyond. The chapter concludes by considering the potential of crowd investing for medium-sized companies and its broader impact on the financial landscape.
The fifth chapter examines the potential for crowd investing to complement traditional venture capital financing. It compares the two instruments, analyzes their interaction, and discusses the potential for a synergistic relationship. The chapter concludes with a comprehensive summary of the findings and implications for future development.
Schlüsselwörter (Keywords)
Venture capital, crowd investing, start-up financing, innovation, entrepreneurship, financial markets, economic growth, regulatory framework, investment strategies, financing phases, private equity, business angels, crowdfunding platforms, legal framework, digital economy, fintech.
- Quote paper
- Maged Hassanien (Author), 2018, International and national financial activities with venture capital and crowd investing, Munich, GRIN Verlag, https://www.grin.com/document/455814
