JOURNAL OF ACCOUNTING AND FINANCE
Student-Managed Venture Capital Funds: Addressing Investor Concerns
Author(s): Jordan T. Schuetzle, Matt Witwer, James P. Haskins
Citation: Jordan T. Schuetzle, Matt Witwer, James P. Haskins, (2012) "Student-Managed Venture Capital Funds: Addressing Investor Concerns," Vol. 12, Iss. 3, pp. 104 - 123
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This paper describes a succession plan for the Dakota Venture Group and DVG, Inc., the nation’s first entirely student run venture capital funds, to address potential accredited investors’ concerns with investing in a student-managed venture capital fund where turnover of principal management is guaranteed every 12-24 months. The concern is one of effective fund management over the life of the fund when managed by students who join, participate, and leave the fund over a brief period of time during their educational program. A succession plan, a development plan, recommendations, and implementation strategy is presented.