Purpose – The purpose of this paper is to explore an expanding venture capital (VC) system beyond economic capital concept, based on “triple bottom line” of enterprises. Design/methodology/approach – A complete VC system is given, first of all, and then the gap in the existing VC system...

The mismatch between the business cycle and venture capital is examined in this article.Currently, during the upswing of the business cycle, venture capital is used to fund many projects including those that make little or no technological advances.On the other hand, in the downturn, there is a...