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Venture capital: America in a new cycle, Europe in the learning curve09/04/2003. Source: CPR Private Equity. 
 Venture capital is fundamentally cyclical despite the fact that technological innovation is the most constant contributor to economic growth. CPR Private Equity explores this paradox in the relative historical contexts of the US and European venture capital industries.
The reason for venture capital's cyclicality is tied up with the opening and shutting of IPO windows, especially in the US. This extract of a full report concludes that investors should maintain a long-term and consistent perspective on venture capital investment.
Copyright © 2003 CPR Private Equity
Click here to view an extract of the report (pdf 21kb)
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CPR Private Equity is a fund manager that offers institutional investors and individuals access to the European private equity asset class. For more information please visit www.privatequity.cpr.fr
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