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	<title><![CDATA[ipo and venture capital Resources | BNET]]></title>
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	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to ipo and venture capital]]></description>
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		<title><![CDATA[Venture capitalists re-emerge for Movetis IPO]]></title>
		<link><![CDATA[http://www.bnet.com/2468-13071_23-370213.html]]></link>
		<description><![CDATA[ A two-year drought of initial public offerings by venture capital-backed companies in Europe will be broken on Friday when Movetis, a developer of gastrointestinal drugs, will raise almost ?100m ($150m) by floating on Euronext in Brussels.A spin-out from Johnson & Johnson in 2006, Movetis won European approval this year...]]></description>
		<s:doctype><![CDATA[News items]]></s:doctype>
		<pubDate>Thu, 03 Dec 2009 16:01:37 -0800</pubDate>
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		<category domain="http://resources.bnet.com/topic/250m.movetis.html"><![CDATA[250m.Movetis]]></category>
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		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
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		<title><![CDATA[Why Europe Trails The U.S. In The Digital Investment Stakes]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fpaidcontent.org%2Farticle%2F419-why-europe-trails-the-u.s.-in-the-digital-investment-stakes%2F&siteid=23&tag=contentnext]]></link>
		<description><![CDATA[ America has a healthier market for digital investment deals than Europe because of its structural advantages and a more prominent culture of tech capitalism, according to a panel of online investors. Speaking at the Noah conference in London&#8212;an event organised by former Lehman Brothers executive director Marco Jo Rodzynek&#8212;Skype...]]></description>
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		<pubDate>Mon, 30 Nov 2009 17:06:34 -0800</pubDate>
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		<category domain="http://resources.bnet.com/topic/m%2526a+%2526+venture+capital.html"><![CDATA[M&A & Venture Capital]]></category>
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		<category domain="http://resources.bnet.com/topic/patrick+smith.html"><![CDATA[Patrick Smith]]></category>
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	<item>
		<title><![CDATA[Case And Leonsis Sell Revolution Money To AmEx For $300 Million]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fpaidcontent.org%2Farticle%2F419-case-and-leonsis-sell-revolution-money-to-amex-for-300-million%2F&siteid=23&tag=contentnext]]></link>
		<description><![CDATA[ When Steve Case&#8217;s internet payment startup Revolution Money raised a $42 million round last April from Goldman Sachs, Morgan Stanley and Citigroup, Chairman Ted Leonsis said the company had no plans for a sale or IPO before 2011. Looks like the calendar pages&#8212;and the company&#8212;flipped a lot faster than...]]></description>
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		<pubDate>Wed, 18 Nov 2009 14:50:04 -0800</pubDate>
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		<title><![CDATA[Skype's Troubled History With Ebay, in Links]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fpaidcontent.org%2Farticle%2F419-skypes-troubled-history-with-ebay-in-links%2F&siteid=23&tag=contentnext]]></link>
		<description><![CDATA[ Skype&#8217;s four year run under Ebay has been beset with troubles, and finally that is about to come to an end, as it gets sold to an investor group. The history of the marriage and pending divorce, in links ascending chronological order:&#8212;eBay Acquires Skype For $2.6 Billion In Cash,...]]></description>
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		<pubDate>Tue, 01 Sep 2009 05:56:36 -0700</pubDate>
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		<title><![CDATA[LoveFilm considers takeover offers]]></title>
		<link><![CDATA[http://www.bnet.com/2448-14058_23-312018.html]]></link>
		<description><![CDATA[ LoveFilm, the online DVD rental firm that is part-owned by Amazon, is reportedly considering takeover offers from a number of private equity firms including KKR and Silver Lake Partners. The company is reportedly being valued at GBP200m (USD325m) and is considering options that include selling a majority share of...]]></description>
		<s:doctype><![CDATA[Articles]]></s:doctype>
		<pubDate>Sun, 14 Jun 2009 17:51:25 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/netflix+inc..html"><![CDATA[NetFlix Inc.]]></category>
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	</item>
	<item>
		<title><![CDATA[No Exit For VCs]]></title>
		<link><![CDATA[http://industry.bnet.com/technology/1000163/no-exit-for-vcs/]]></link>
		<description><![CDATA[Venture capitalists are having a confidence crisis as dwindling exit opportunities and a weak economy conspire to put the kibosh on returns.    According to the Silicon Valley Venture Capital Confidence Index the second quarter registered a reading of 3.07 on a 5 point scale, down from the...]]></description>
		<s:doctype><![CDATA[Blog posts]]></s:doctype>
		<pubDate>Wed, 09 Jul 2008 16:03:04 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/entrepreneurial.html"><![CDATA[Entrepreneurial]]></category>
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	</item>
	<item>
		<title><![CDATA[Venture Capital Isn't as Sick as VCs Want You to Think]]></title>
		<link><![CDATA[http://industry.bnet.com/financial-services/100056/venture-capital-isnt-as-sick-as-vcs-want-you-to-think/]]></link>
		<description><![CDATA[At least a few venture capitalists seem to be crying in their cognac about the collapse of the IPO market for venture-backed firms.  According to a study by the National Venture Capital Association, leaked first to the New York Times, not a single venture-backed company went public in the...]]></description>
		<s:doctype><![CDATA[Blog posts]]></s:doctype>
		<pubDate>Mon, 30 Jun 2008 14:36:41 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/kedrosky.html"><![CDATA[Kedrosky]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
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		<category domain="http://resources.bnet.com/topic/dan+ackman.html"><![CDATA[Dan Ackman]]></category>
	</item>
	<item>
		<title><![CDATA[Selling Shares of Your Business]]></title>
		<link><![CDATA[http://www.bnet.com/2410-13502_23-66507.html]]></link>
		<description><![CDATA[People sell shares of a company to raise funds or to eventually sell the company. Shares can be sold to angel investors, venture capitalists, individuals, and other businesses. These different types of buyers will have different motives for buying, expectations of the dividends they may receive, and intentions for selling...]]></description>
		<s:doctype><![CDATA[Articles]]></s:doctype>
		<pubDate>Thu, 27 Sep 2007 17:41:16 -0700</pubDate>
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	</item>
	<item>
		<title><![CDATA[The Decision To Adopt A Classified Board Of Directors At IPO]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=316297]]></link>
		<description><![CDATA[This paper examines the factors that explain whether or not managers of IPO Initial Public Offering companies elect to adopt a classified board of directors, a governance arrangement that has an anti-takeover effect and is typically considered an indicator of poor corporate governance. Controlling for the endogeneity of venture capital...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 01 May 2007 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/board.html"><![CDATA[Board]]></category>
		<category domain="http://resources.bnet.com/topic/cornell+university.html"><![CDATA[Cornell University]]></category>
		<category domain="http://resources.bnet.com/topic/board+of+directors.html"><![CDATA[Board Of Directors]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/corporate+governance.html"><![CDATA[Corporate Governance]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
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		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
	</item>
	<item>
		<title><![CDATA[What Determines The Level Of IPO Gross Spreads?: Underwriter Profits And The Cost Of Going Public]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=316890]]></link>
		<description><![CDATA[This paper addresses three empirical findings of the literature on Initial Public Offerings IPO: Why do investment banks earn positive profits in a competitive market?; Why do banks receive lower gross spreads in Venture Capitalist VC backed than in non-VC backed IPOs?; Why is underpricing more pronounced in VC than...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Thu, 10 Aug 2006 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/bank.html"><![CDATA[Bank]]></category>
		<category domain="http://resources.bnet.com/topic/university+of+munich.html"><![CDATA[University Of Munich]]></category>
		<category domain="http://resources.bnet.com/topic/initial+public+offerings+procedure.html"><![CDATA[Initial Public Offerings Procedure]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
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	</item>
	<item>
		<title><![CDATA[What IPO Order Flow Reveals About The Role Of The Underwriter]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=316574]]></link>
		<description><![CDATA[IPO Initial Public Offering underwriter-brokers dominate aftermarket trading but often follow rather than lead in price discovery. This suggests that the underwriter shares a certification, external monitoring, and signaling role with aftermarket brokers, venture capitalists, and founder-owners retaining equity. This paper investigates the cross-sectional determinants of the role of the...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Mon, 01 May 2006 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/underwriter.html"><![CDATA[Underwriter]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
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	<item>
		<title><![CDATA[Initial Public Offerings And Organizational Governance: Evidence From Joint Ventures And Acquisitions]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=316765]]></link>
		<description><![CDATA[Drawing upon information economics, this paper investigates firms' decisions to form joint ventures with or acquire newly-public firms. The core issue this paper examines is whether signals sent during IPOs Initial Public Offerings have efficiency implications for organizational governance choices concerning issuing firms. The focus is on issuers' associations with...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Thu, 01 Dec 2005 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/acquisition.html"><![CDATA[Acquisition]]></category>
		<category domain="http://resources.bnet.com/topic/firm.html"><![CDATA[Firm]]></category>
		<category domain="http://resources.bnet.com/topic/university+of+north+carolina.html"><![CDATA[University Of North Carolina]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
	</item>
	<item>
		<title><![CDATA[The Role Of The Underwriter In The IPO Aftermarket]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=316606]]></link>
		<description><![CDATA[IPO Initial Public Offering underwriters dominate aftermarket trading but often follow rather than lead in price discovery. This suggests that the underwriter shares a certification, external monitoring and signaling role with aftermarket brokers, venture capitalists and founder-owners retaining equity. This paper investigates the cross-sectional determinants of the role of the...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 01 Nov 2005 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/underwriter.html"><![CDATA[Underwriter]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
	</item>
	<item>
		<title><![CDATA[The Effects of Direct and Indirect Foreign Venture Capital Ties on Exit Market Selection and Exit Modes]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=171708]]></link>
		<description><![CDATA[This paper examines cross-border M&A and foreign IPOs as exit routes for venture capitalists. Although an M&A or IPO may be driven by the venture capitalist's interest to exit from an investment, the selection and functioning of exit market has consequences also on the venture. Increased exit opportunities increase the...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Sun, 23 Oct 2005 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/m%2526a.html"><![CDATA[M&A]]></category>
		<category domain="http://resources.bnet.com/topic/helsinki+university.html"><![CDATA[Helsinki University]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/mergers+%2526+acquisitions.html"><![CDATA[Mergers & Acquisitions]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
	</item>
	<item>
		<title><![CDATA[Venture Capital, IPO Underpricing, And Going-Public Decisions]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=316498]]></link>
		<description><![CDATA[This paper presents a unified analysis of going-public decisions, IPO Initial public offering underpricing and venture capital. An inventor is unable to receive a satisfactory acquisition price from a long purse because the long purse is uncertain about the technological quality of the innovation. An inventor with a good technological...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Sat, 01 Oct 2005 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/rice+university.html"><![CDATA[Rice University]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
	</item>
	<item>
		<title><![CDATA[Tech IPO market suffers from chronic problems; Even Google couldn't turn the tide for VC-backed technology companies.(News)]]></title>
		<link><![CDATA[http://findarticles.com/p/articles/mi_hb4798/is_200508/ai_n17423597]]></link>
		<description><![CDATA[Byline: Brooke Southall       SAN FRANCISCO - A bewildered venture capital industry is licking  its wounds now that the market for initial public offerings of  technology firms has hit the skids again.       Only 10 venture-backed companies pulled...]]></description>
		<s:doctype><![CDATA[Research articles]]></s:doctype>
		<pubDate>Mon, 22 Aug 2005 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/google+inc..html"><![CDATA[Google Inc.]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[venture capital]]></category>
		<category domain="http://resources.bnet.com/topic/.html"><![CDATA[]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GOOG</category>
		<category domain="tickers">GOOG</category>
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		<title><![CDATA[Venture-Capital Activity Focused on Rebuilding in 2004; First Year of Positive Growth in Investing and Liquidity Since the Bubble, According to VentureOne and Ernst & Young LLP]]></title>
		<link><![CDATA[http://findarticles.com/p/articles/mi_m0EIN/is_2004_Dec_13/ai_n8564406]]></link>
		<description><![CDATA[SAN FRANCISCO & NEW YORK & LONDON -- Venture-capital activity in 2004 is expected to complete the year on a positive note, based on investments recorded through the end of the third quarter by the Venture Capital Report compiled by Ernst & Young LLP and VentureOne, a unit of Dow...]]></description>
		<s:doctype><![CDATA[Research articles]]></s:doctype>
		<pubDate>Mon, 13 Dec 2004 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/bubble.html"><![CDATA[bubble]]></category>
		<category domain="http://resources.bnet.com/topic/company.html"><![CDATA[company]]></category>
		<category domain="http://resources.bnet.com/topic/ernst+%2526+young+llp.html"><![CDATA[Ernst & Young LLP]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[investment]]></category>
		<category domain="http://resources.bnet.com/topic/investor.html"><![CDATA[investor]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/liquidity.html"><![CDATA[liquidity]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[venture capital]]></category>
		<category domain="http://resources.bnet.com/topic/ventureone.html"><![CDATA[VentureOne]]></category>
		<category domain="http://resources.bnet.com/topic/.html"><![CDATA[]]></category>
	</item>
	<item>
		<title><![CDATA[Post-IPO Operating Performance, Venture Capitalists And Mark Timing]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=316514]]></link>
		<description><![CDATA[This paper analyses the post-issue operating performance of 304 venture-backed and 264 non-venture UK IPOs 1985-2000. IPOs Initial public offering exhibit a significant five-year, post-issue operational decline over the full sample period. However this is driven by a particularly poor performance by venture-backed and non-venture IPOs during the 1998-2000 bubble...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Mon, 01 Nov 2004 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/performance.html"><![CDATA[Performance]]></category>
		<category domain="http://resources.bnet.com/topic/university+of+essex.html"><![CDATA[University Of Essex]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/performance+management.html"><![CDATA[Performance Management]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
		<category domain="http://resources.bnet.com/topic/human+resources.html"><![CDATA[Human Resources]]></category>
		<category domain="http://resources.bnet.com/topic/workforce+management.html"><![CDATA[Workforce Management]]></category>
	</item>
	<item>
		<title><![CDATA[Venture Capital and Corporate Governance in the Newly Public Firm]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=120118]]></link>
		<description><![CDATA[This paper examines the effects of pre-IPO venture capital backing on the corporate governance of the IPO firm. Three sets of tests are conducted which examines effectively how governance and monitoring might differ for venture and non-venture backed firms. It is found that venture-backed IPO firms have lower earnings management,...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Sat, 25 Sep 2004 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/cornell+university.html"><![CDATA[Cornell University]]></category>
		<category domain="http://resources.bnet.com/topic/pre-ipo.html"><![CDATA[pre-IPO]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/corporate+governance.html"><![CDATA[Corporate Governance]]></category>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/corporate+law.html"><![CDATA[Corporate Law]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
		<category domain="http://resources.bnet.com/topic/business+operations.html"><![CDATA[Business Operations]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financing+startups.html"><![CDATA[Financing Startups]]></category>
	</item>
	<item>
		<title><![CDATA[The Role of Venture Capital Backing in Initial Public Offerings: Certification, Screening, or Market Power?]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=120147]]></link>
		<description><![CDATA[This paper empirically distinguishes between three possible roles of venture backing in Initial Public Offerings: certification, screening and monitoring, and market power. The paper argues that Initial Public Offerings underpricing is not the appropriate measure to evaluate the role of venture backing in Initial Public Offerings. Instead, the paper compares...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Thu, 23 Sep 2004 00:00:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/venture+capital.html"><![CDATA[Venture Capital]]></category>
		<category domain="http://resources.bnet.com/topic/certification.html"><![CDATA[Certification]]></category>
		<category domain="http://resources.bnet.com/topic/ipo.html"><![CDATA[IPO]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/financial+services.html"><![CDATA[Financial Services]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
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