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Zenichi Shishido

Selected Works

2011

Japan

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Law And Venture Capital: The Case Of Japanese Entrepreneurs, Zenichi Shishido Mar 2011

Law And Venture Capital: The Case Of Japanese Entrepreneurs, Zenichi Shishido

Zenichi Shishido

The biggest difference in the incentive bargains made in the venture capital industries in the US and Japan is that American entrepreneurs abandon control while Japanese entrepreneurs do not. Years ago, this difference was thought to be caused by a lack of liquid IPO markets by some experts in the field. However, there are currently multiple liquid IPO markets in Japan, yet Japanese entrepreneurs are still reluctant to abandon control of their companies to venture capitalists. While there are likely to be many complementary reasons for this difference, it can be partly explained by the different legal systems in the …