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Development and challenges of the Russian venture capital funds market


Kozyrev A.V., Grishin A.I.
(about the authors)

Kozyrev Andrey Vladimirovich – (Plekhanov Russian University of Economics)

Grishin Aleksey Igorevich – (Plekhanov Russian University of Economics)

Published in:
Russian Journal of Entrepreneurship
– Volume 19, Number 4 (April 2018)

JEL classification: G24, G29, M13

Keywords: business angel, deal opting out, funding rounds, private equity funds, start-up, syndication, venture capital funds, venture investment


Citation:
Kozyrev A.V., Grishin A.I. (2018). Development and challenges of the Russian venture capital funds market. Russian Journal of Entrepreneurship, 19(4), 1189-1200. doi: 10.18334/rp.19.4.38997


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Abstract:

The paper analyzes the current state of the Russian market of venture investments according to the latest available research. It reveals the concept and market role of venture funds, shows the transformation trends in the market and points to the existing and potential problems of market participants.








References:
Bekkalieva N.K. (2016). Venchurnoe finansirovanie kak faktor innovatsionnogo razvitiya Rossii [Venture Capital Financing as a Factor in Russia''s Innovation Development]. Izvestiya uralskogo gosudarstvennogo ekonomicheskogo universiteta. (3(65)). 100-105. (in Russian).
Russian Angel Monitor 2016: Рынок ангельских инвестиций» Национальная ассоциация бизнес-ангелов (НАБА)РВК и Firrma. (in Russian). Retrieved March 22, 2018, from http://firrma.ru/data/analytics/17700/
Selezneva M.M. (2015). Venchurnoe finansirovanie v Rossii: Venchurnye fondy i biznes-angely [Venture capital financing in russia: venture funds and business angels]. Privolzhsky Scientific Bulletin (Privolzhskiy nauchnyy vestnik). (4-1(44)). 87-90. (in Russian).
Tsvirko S.E. (2010). Venchurnoe finansirovanie kak faktor innovatsionnogo razvitiya ekonomiki Rossii [Venture financing as a factor of innovation development of russian economy]. Vestnik TGU. (9(89)). 149-156. (in Russian).
Венчурное финансированиеMspbank. Retrieved March 12, 2018, from http://www.mspbank.ru/ru/sme_rf/how_to_finance_your_business/venture_financing
Обзор Рынка: Прямые и Венчурные Инвестиции в России, 9 месяцев 2017 гАналитический cборник Российской Ассоциации Венчурного Инвестирования за 3 кв. 2017 г. (in Russian). Retrieved March 12, 2018, from http://www.rvca.ru/rus/resource/library/rvca-yearbook
Путь СтартапаДепартамент Исследований Фонда Развития Интернет-Инициатив (ФРИИ). (in Russian). Retrieved March 12, 2018, from http://www.iidf.ru/upload/iblock/3b5/startup_way_2015.pdf
Рейтинг Венчурных Фондов 2016 годаОект Firrma, РВК, EY. (in Russian). Retrieved March 20, 2018, from http://firrma.ru/projects/reyting_venchurnykh_fondov_2016_goda
Чеботарев М. Методики оценки стартапов и их заблуждения на стадиях Pre-seed, Seed и Раунд ААкселератор ФРИИ. Retrieved March 12, 2018, from https://spark.ru/startup/546dae36cfa4a/blog/12800/metodiki-otsenki-startapov-i-ih-zabluzhdeniya-na-stadiyah-pre-seed-seed-i-raund-a

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