The current and potential contribution of venture capital to the Russian economy is examined. A process model of venture capital in the U.S. was developed from the literature. Interviews conducted in Moscow and St. Petersburg in early 1999 provided data to compare venture capital in Russia versus the U.S., resulting in a new model. Key differences included limited exit strategies, a collapsed banking system, an unsupportive government, limited start-up financing, and the nearly non-existent investments in high-tech industries.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Nehrbass, Eric

Publisher

• Worcester Polytechnic Institute

Identifier

• 99D238M

Advisor

• Banks, McRae C.

Year

• 1999

Date created

• 1999-01-01

Resource type

• Major Qualifying Project

Rights statement

• In Copyright