RT Journal Article
SR Electronic
T1 Practical Applications of The Need for Localized Risk (Venture) Capital: <em>Place-Based Impact Investing</em>
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 4
DO 10.3905/pa.7.2.339
VO 7
IS 2
A1 Joe Milam
YR 2019
UL https://pm-research.com/content/7/2/1.2.abstract
AB In The Need for Localized Risk (Venture) Capital: Place-Based Impact Investing, from the Fall 2018 issue of the Journal of Private Equity, author Joe Milam, founder of AngelSpan, an investor relations service for start-up companies, reviews the historic reasons behind the geographic concentration of U.S. venture capital investment. He then makes the case for backing entrepreneurs throughout the country. Such diversification, he argues, makes sense from an investment perspective and has socioeconomic benefits.TOPICS: Private equity, portfolio construction, style investing, legal/regulatory/public policy