Venture capitalists functions

Looking to invest in rapidly growing sectors, venture capitalists have wisely funded the first sol-gel start-ups that are now conquering the markets remarkably, some of these venture funds are publicly (government) owned as in the case of Canada s SiliCycle. No matter whether private or public, these investments caused the rapid launch on the market of sol-gel functional silicas. 

It is well known in the world of independent ventures that there often comes a point at which the founding team needs to be replaced by managers with different qualities. Indeed, one of the ways in which venture capitalists claim they add value is in provoking these transitions and helping locate relevant managerial talent. The same applies to many key people working within a corporate venture those with the right skills to function well when the task is discovery and creation are not necessarily able to make the transition to the tasks of enhancement and operational excellence. Moore (1991) terms this transition the transition from pioneers to settlers. As he describes (1991, p. 199) ... 

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