Idea Makers and Idea Brokers in High-Technology Entrepreneurship: Fee vs. Equity Compensation for Intellectual Venture Capitalists
Among the most vexing challenges for entrepreneurs is how to avail themselves of the necessary services—intellectual venture capital—without burning through their seed money at a rate that makes further borrowing prohibitively expensive. Traditionally, professional firms have charged entrepreneurs a fee for their services, based on billable hours and effort. Yet in the past decade, an alternative ...
Among the most vexing challenges for entrepreneurs is how to avail themselves of the necessary services—intellectual venture capital—without burning through their seed money at a rate that makes further borrowing prohibitively expensive. Traditionally, professional firms have charged entrepreneurs a fee for their services, based on billable hours and effort. Yet in the past decade, an alternative ...
