000			01546nab a22001217a 4500
008			160615b1993 xxu||||| |||| 00| 0 eng d
100			_aLandstrom, Hans
245			_aInformal risk capital in Sweden and some international compa _cLandstrom, Hans.
260			_c1993
300			_a525 - 540
520			_aIn many countries there seems to be a shortage of risk capital (i.e, equity or equity-linked capital) for entrepreneurial ventures seeking external capital. As a consequence many entrepreneurial ventures are undercapitalized with a high loan-capital burden. There is some evidence from the U.S.A. that informal investors provide an essential source of equity capital to entrepreneurial ventures. However, our knowledge about the informal risk capital markets is dominated by research from the U.S.A., and there are few studies carried out in other countries. This study represents the first description of the informal risk capital market in Sweden. The aim of the study is also to compare the characteristics of informal investors in Sweden with those in the U.S.A. and the U.K. Information from 52 informal investors is used for the description of the informal risk capital market in Sweden. An international comparison is made by using the results of studies by Gaston (1989) on informal investors in the U.S.A., and Mason et al. (1991) on the informal risk capital market in the U.K. What about the informal risk capital market in Sweden? Traditionally, the tax system in Sweden has not...
773			_aJournal of Business Venturing _dNov
999			_c43889 _d43889