1. A start-up entrepreneurial firm may be based on a concept without a product or any marketing, or it may have a product being developed, but not yet sold commercially. An expansion entrepreneurial firm requires significant capital for plant expansion and marketing to initiate full commercial production and sales. For definitions of firm development stages, see eg accessed 31 October 2002.
2. Finance and management buyouts: Agency versus entrepreneurship perspectives
3. Introduction: Funding Gaps
4. Gompers and Lerner (1999, 2001), supra n 3. For a supportive industry report that looks at the impact of venture capital in the UK, see British Venture Capital Association, The Economic Impact of Private Equity in the UK (2001) accessed on 31 October 2002.