This book opens up the world on private equity investment in one of the hottest industries – Biotechnology. The book describes how Europe has fallen behind the US due to under-investment and bad management by the VCs who control the companies. Detailed analysis shows why it is in VCs’ interests to damage the very companies they invest in.
Author(s): William Bains
Year: 2009
Language: English
Pages: 232
Cover......Page 0
Contents......Page 6
List of Tables......Page 7
List of Figures......Page 8
1 Genes and Money in Europe: Why Did It Fail?......Page 10
2 The Biotechnology Industry and Venture Capital......Page 14
3 Europe Falls Behind......Page 32
4 Why Does Europe Do So Poorly? Some Inadequate Explanations......Page 51
5 Underinvestment in European Biotechnology......Page 64
6 Public Markets and Underinvestment......Page 82
7 VC Management of Companies......Page 95
8 VC Effects on Business Efficacy......Page 118
9 Investor Blockade of Business......Page 132
10 Pomp and Circumstance......Page 149
11 The Real VC Business Model......Page 159
12 What to Do about It: Government......Page 182
13 What to Do about It: Business......Page 198
Notes......Page 207
References......Page 210
G......Page 225
X......Page 226
F......Page 227
R......Page 228
V......Page 229
