We explore the switching dynamic between entrepreneurs and their lead venture capital investors (VCs) with a specific attention to the typology of venture capital funds. In particular, we concentrate on the switching that occurs from a lead independent VC investor (IVC) to a governmental VC...

This paper was prepared as a background document to the OECD-European Commission Seminar on ‘When to use financial instruments” held on 28 June 2017 at the OECD Headquarters in Paris, France. It sets a basis for reflection and discussion. This seminar is part of a five-part seminar series in...