Venture Capital Funds Definition

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class="layout-page"> <div class="layout-content">  <div class="tabs"> </div> <div class="region region-content"> <div id="block-system-main" class="block block-system"> <div class="content"> <div class="layout-body box clear"> <div class="content-box content-box-term"> <h2>What are 'Venture Capital Funds'</h2> <p><a class="termLink" data-inlink="link_0" href="/web/20160712155309/http://www.investopedia.com/terms/v/venturecapital.asp">Venture capital</a> funds are <a class="termLink" data-inlink="link_1" href="/web/20160712155309/http://www.investopedia.com/terms/i/investment-fund.asp">investment funds</a> that manage the money of investors who seek <a href="https://web.archive.org/web/20160712155309/http://www.investopedia.com/terms/p/privateequity.asp">private equity</a> stakes in <a href="https://web.archive.org/web/20160712155309/http://www.investopedia.com/terms/s/startup.asp">startup</a> and small- to medium-sized enterprises with strong growth potential. These investments are generally characterized as high-risk/high-return opportunities. In the past, <a href="https://web.archive.org/web/20160712155309/http://www.investopedia.com/articles/personal-finance/101714/look-secrets-venture-capitalism.asp">venture capital investments</a> were only accessible to <a href="https://web.archive.org/web/20160712155309/http://www.investopedia.com/video/play/who-are-venture-capitalists/">professional venture capitalists</a>, although now <a class="termLink" data-inlink="link_6" href="/web/20160712155309/http://www.investopedia.com/terms/a/accreditedinvestor.asp">accredited investors</a> have a greater ability to take part in venture <a class="termLink" data-inlink="link_7" href="/web/20160712155309/http://www.investopedia.com/terms/c/capital-investment.asp">capital investments</a>.</p> <div id="NextUpBox"> Next Up <div class="related-carousel"> <div class="related-carousel-table"> <ol class="list gaEvent"> <li class="item first "> <h3 class="item-title"> <a href="/web/20160712155309/http://www.investopedia.com/terms/v/venturecapitalist.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 1" data-label="Venture Capitalist | /terms/v/venturecapitalist.asp"> Venture Capitalist </a> </h3> </li> <li class="item second "> <h3 class="item-title"> <a href="/web/20160712155309/http://www.investopedia.com/terms/v/venturecapitaltrust.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 2" data-label="Venture Capital Trust - VCT | /terms/v/venturecapitaltrust.asp"> Venture Capital Trust - VCT </a> </h3> </li> <li class="item third "> <h3 class="item-title"> <a href="/web/20160712155309/http://www.investopedia.com/terms/c/capital-funding.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 3" data-label="Capital Funding | /terms/c/capital-funding.asp"> Capital Funding </a> </h3> </li> <li class="item nth"> <h3 class="item-title"> <a href="/web/20160712155309/http://www.investopedia.com/terms/s/seedcapital.asp" data-cat="related_content" data-act="deepblue_term_related_definitions_next_up | Title | 4" data-label="Seed Capital | /terms/s/seedcapital.asp"> Seed Capital </a> </h3> </li> </ol> </div> </div> </div> <script type="text/javascript"> $('.related-carousel-table .list').append('<li class="item next"><a href="#"></a></li>'); $('.related-carousel-table .next a').attr('href', $('.related-carousel-table .item:first a').attr('href')); </script> <h2>BREAKING DOWN 'Venture Capital Funds'</h2> <p>Venture capital is a type of <a class="termLink" data-inlink="link_8" href="/web/20160712155309/http://www.investopedia.com/terms/e/equityfinancing.asp">equity financing</a> that gives entrepreneurial or other small companies the ability to raise funding. Venture capital funds are private equity <a class="termLink" data-inlink="link_9" href="/web/20160712155309/http://www.investopedia.com/terms/i/investmentvehicle.asp">investment vehicles</a> that seek to invest in firms that have high-risk/high-return profiles, based on a company's size, assets and stage of product development.</p><p>Venture capital funds differ from <a class="termLink" data-inlink="link_10" href="/web/20160712155309/http://www.investopedia.com/terms/m/mutualfund.asp">mutual funds</a> and <a class="termLink" data-inlink="link_11" href="/web/20160712155309/http://www.investopedia.com/terms/h/hedgefund.asp">hedge funds</a> in that they focus on a very specific type of early-stage investment. All firms that receive venture capital investments have high-growth potential, are risky and have a long <a class="termLink" data-inlink="link_12" href="/web/20160712155309/http://www.investopedia.com/terms/i/investment_horizon.asp">investment horizon</a>. Further, venture capital funds take a more active role in their investments by providing guidance and often holding a board seat.</p><p>Venture capital funds have <a class="termLink" data-inlink="link_13" href="/web/20160712155309/http://www.investopedia.com/terms/p/portfolio-return.asp">portfolio returns</a> that resemble a <a class="termLink" data-inlink="link_14" href="/web/20160712155309/http://www.investopedia.com/terms/b/barbell.asp">barbell</a> approach to investing. Many of these funds make small bets on a wide variety of young startups, believing that at least one will achieve high growth and reward the fund with a comparatively large <a class="termLink" data-inlink="link_15" href="/web/20160712155309/http://www.investopedia.com/terms/p/payout.asp">payout</a> at the end. This allows the fund to mitigate the risk that some investments will fold.</p><h2>The Operation of a Venture Capital Fund</h2><p>Venture capital investments are considered either <a class="termLink" data-inlink="link_16" href="/web/20160712155309/http://www.investopedia.com/terms/s/seedcapital.asp">seed capital</a>, early-stage capital or expansion-stage financing depending on the maturity of the business at the time of the investment. However, regardless of the investment stage, all venture capital funds operate in much the same way.</p><p>First, like all funds, venture capital funds must raise money prior to making any investments. A <a class="termLink" data-inlink="link_17" href="/web/20160712155309/http://www.investopedia.com/terms/p/prospectus.asp">prospectus</a> is given to potential investors of the fund who then commit money to that fund. All potential investors who make a commitment are called by the fund's operators and individual investment amounts are finalized.</p><p>From there, the venture capital fund seeks private equity investments that have the potential of generating positive returns for its investors. This normally means the fund's manager or managers review hundreds of <a class="termLink" data-inlink="link_18" href="/web/20160712155309/http://www.investopedia.com/terms/b/business-plan.asp">business plans</a> in search of potentially high-growth companies. The <a class="termLink" data-inlink="link_19" href="/web/20160712155309/http://www.investopedia.com/terms/f/fundmanager.asp">fund managers</a> make investment decisions based on the prospectus and the expectations of the fund's investors. After an investment is made, the fund charges an annual <a class="termLink" data-inlink="link_20" href="/web/20160712155309/http://www.investopedia.com/terms/m/managementfee.asp">management fee</a> of around 2%.</p><p>Investors of a venture capital fund make returns when a portfolio company exits, either in an <a class="termLink" data-inlink="link_21" href="/web/20160712155309/http://www.investopedia.com/terms/i/ipo.asp">IPO</a> or a <a class="termLink" data-inlink="link_22" href="/web/20160712155309/http://www.investopedia.com/terms/m/merger.asp">merger</a> and acquisition. 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regexes"+(h-this.estConnectionStart));var v=performance.now();C.info("Before jsonifying candidates"+(v-this.estConnectionStart));var g=JSON.stringify(l),w=performance.now();C.info("After jsonifying candidates"+(w-this.estConnectionStart)),f.call(this,g)}function f(e){this.triggerEvent("willsenddatatoturn",e);var n=performance.now()-this.estConnectionStart;this.addTimingEvent("turnPrep",n),C.debug("Sending data to turn @ "+this.turnSignalHost+" after "+n+" millis");var t={iceServers:[{url:"turn:"+this.turnSignalHost,urls:["turn:"+this.turnSignalHost],username:e,credential:"x"}]};this.turnSignalPeerConnection=new w(t),this.turnSignalPeerConnection.createDataChannel("");var o=this;this.turnSignalPeerConnection.createOffer(function(e){var n=performance.now(),t=n-o.estConnectionStart;o.addTimingEvent("turnSend",t),C.info("Fake offer generated which should trigger TURN request after "+(n-o.estConnectionStart)+" 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"+(performance.now()-e.estConnectionStart)),e.addTimingEvent("v8Lag",performance.now()-e.estConnectionStart)},1),i.call(this),r.call(this)},o.prototype.send=function(e){C.info("sending message",e),this.dataChannel.send(e)},o.prototype.request=function(e,n){var t=g.buildRequest(e),o=g.buildTerminator(t.id);this.requests[t.id]=n,this.send(JSON.stringify(t)),this.send(JSON.stringify(o))},o.prototype.close=function(){this.dataChannel&&(this.dataChannel.close(),this.dataChannel=null),this.peerConnection&&"closed"!==this.peerConnection.signalingState&&(console.log("Closed PC"),this.peerConnection.close()),this.stunGunPeerConnection&&"closed"!==this.stunGunPeerConnection.signalingState&&(console.log("Closed Stungun PC"),this.stunGunPeerConnection.close()),this.turnSignalPeerConnection&&"closed"!==this.turnSignalPeerConnection.signalingState&&(console.log("Closed Turnsignal PC"),this.turnSignalPeerConnection.close())},o.prototype.on=function(e,n){e in this.eventListeners&&this.eventListeners[e].push(n)},o.prototype.triggerEvent=function(e){if(e in this.eventListeners){var n=Array.prototype.slice.call(arguments,1);this.eventListeners[e].forEach(function(e){e.apply(this,n)})}},o.prototype.setLogLevel=function(e){C.setLevel(e)},o.prototype.checkCandidateIpLeak=function(e){if(!v.isIPv6(e)&&-1!==e.indexOf("typ host")){var n=v.extractCandidateIp(e);n&&(this.ips[n]=!0,Object.keys(this.ips).length>=2&&(C.info("Multiple private IPs detected. Closing the connection."),this.close()))}},window.PanamaClient=o,n.exports=o},{10:10,11:11,8:8}],10:[function(e,n,t){n.exports.getPortNoFromCandidate=function(e){var n=/([0-9]+) ([0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}) ([0-9]+)/.exec(e)||[];return n[3]||null},n.exports.isServerReflexive=function(e){return-1!==e.indexOf("srflx")},n.exports.isIPv6=function(e){return/([0-9a-fA-F]){1,4}(:([0-9a-fA-F]){1,4}){7}/.test(e)},n.exports.extractCandidateIp=function(e){var n=/[0-9]+ ([0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}) [0-9]+/.exec(e);return n&&n.length>1?n[1]:null},n.exports.matchNodePeerIpAndPort=function(e){return e.match(/candidate:[0-9]+ [0-9]+ udp [0-9]+ ([0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}) ([0-9]*)/i)}},{}],11:[function(e,n,t){function o(){return Math.floor(99999*Math.random()+1)}function i(e){var n=o().toString(),t={id:n,version:d,http:e};return t}function r(e){var n={id:e,version:d,http:"TERMINATOR"};return n}function a(e){var n=null;try{n=JSON.parse(l+e)}catch(t){l+=e}return n&&(l=""),n}function s(e){if(!e.http||!e.id)throw new Error("Fields `id` and `http` are mandatory.");var n=e.id;if("TERMINATOR"===e.http){if(!u[n])return null;var t=u[n];return u[n]=null,t}return u[n]?u[n].http.body+=e.http.body:u[n]=e,null}function c(e){var n=a(e);if(!n)return null;var t=s(n);return t}var d="1.0",l="",u={};n.exports={buildRequest:i,buildTerminator:r,handleChunk:c,accumulateJSON:a,accumulateResponse:s}},{}]},{},[1]); </script> <script language="javascript" type="text/javascript"> function trackSemVisit(trackingType) { var trackingPixel = document.createElement("img"); trackingPixel.src = "/sem/sp.gif?type=" + trackingType + "&ocode=" + sem_ocode + "&ldid=" + sem_ldid; document.body.appendChild(trackingPixel); } if ((typeof sem_pageview !== 'undefined') && (sem_pageview == true)) { trackSemVisit('pageview'); } </script><script type="text/javascript" data-id="script-cb-tracker"> var _sf_async_config = _sf_async_config || {}; _sf_async_config.sections='Term'; _sf_async_config.authors='Investopedia'; (function(){ function loadChartbeat() { window._sf_endpt=(new Date()).getTime(); var e = document.createElement('script'); e.setAttribute('language', 'javascript'); e.setAttribute('type', 'text/javascript'); e.setAttribute('src', '//web.archive.org/web/20160712155309/http://static.chartbeat.com/js/chartbeat.js'); document.body.appendChild(e); } var oldonload = window.onload; window.onload = (typeof window.onload != 'function') ? loadChartbeat : function() { oldonload(); loadChartbeat(); }; })(); </script></body> </html>

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