![Share](http://www.epicpeople.org/wp-content/uploads/2014/07/facebook-2.png)
![Share](http://www.epicpeople.org/wp-content/uploads/2014/07/twitter-2.png)
![Share](http://www.epicpeople.org/wp-content/uploads/2014/07/email-4.png)
![Share](http://www.epicpeople.org/wp-content/uploads/2014/07/linkdin-1.png)
![Share](http://www.epicpeople.org/wp-content/uploads/2014/07/Compact-2.png)
Free Article: Please sign in or create a free account to access the leading collection of peer-reviewed work on ethnographic practice.To access video, Become an EPIC Member.
REFERENCES CITED
Abrahamson, Eric
1991 Managerial Fads and Fashions: The Diffusion and Rejection of Innovations. Academy of Management Review, 16(3), 586-612.
Anderson, Ken, Tony Salvador, and Brandon Barnett
2013 Models in Motion: Ethnography Moves from Complicatedness to Complex Systems. Proceedings of EPIC 2013, 232-249. https://www.epicpeople.org/models-in-motion-ethnography-moves-from-complicatedness-to-complex-systems/
Arieff, Allison
2016 “Solving all the Wrong Problems.” New York Times, July 10, 2016. http://www.nytimes.com/2016/07/10/opinion/sunday/solving-all-the-wrong-problems.html
Blank, Steve
2013 The Four Steps to the Epiphany. Pescadero, CA: K&S Ranch.
Blank, Steve G. and Bob Dorf
2012 The Startup Owner’s Manual : The Step-by-Step Guide for Building a Great Company. Vol. 1. Pescadero, CA: K&S Ranch.
Borneman, John and Abdellah Hammoudi
2009 Being There: The Fieldwork Encounter and the Making of Truth. Berkeley, CA: University of California Press.
Brown, John Seely
2012 The Evolution of Innovation. Research-Technology Management, 55(5), 18-23.
Brown, John Seely and Paul Duguid
1991 Organizational Learning and Communities of Practice: Toward a Unified View of Working, Learning, and Innovation. Organization Science, 2(1), 40-57.
Brown, John Seely and Paul Duguid
2002 Local Knowledge: Innovation in the Networked Age. Management Learning, 33(4), 427-437.
Bundy, Wayne M.
2002 Innovation, Creativity, and Discovery in Modern Organizations. Westport, CT: Quorum Books.
CB Insights
2015 Which Venture Capital Firms Are Consistently In The Largest Tech Exits? CB Insights, July 25, 2015. https://www.cbinsights.com/blog/venture-capital-firms-largest-exits/
Cerf, Vint G.
2014 Does Innovation Create or Destroy Jobs? Communications of the ACM, 57(12), 7.
Christensen, Clayton
2013 The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail. Cambridge, MA: Harvard Business Review Press.
Cooper, Brant and Patrick Vlaskovits
2010 The Entrepreneur’s Guide to Customer Development : A “Cheat Sheet” to the Four Steps to the Epiphany.
Damanpour, Fariborz and Shanthi Gopalakrishnan
2001 The Dynamics of the Adoption of Product and Process Innovations in Organizations. Journal of Management Studies, 38(1), 45-65.
Feld, Brad and Jason Mendelson
2011 Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. Hoboken, NJ: John Wiley & Sons.
Florida, Richard
2016 The Global Cities Where Tech Venture Capital Is Concentrated. The Atlantic, January 26, 2016.
Giddens, Anthony
1984 The Constitution of Society: Outline of the Theory of Structuration. Univ of California Press.
Gil, Elad
2016 End of Cycle? Elad Blog. http://blog.eladgil.com/2016/07/end-of-cycle.html
Graeber, David
2001 Toward an Anthropological Theory of Value. New York: Palgrave.
Griffith, Erin
2013 “Why is venture capital, the industry that funds innovation, so very un-innovative? Pando Daily. February 7, 2013.
Haines, Julia Katherine
2014 Iterating an Innovation Model: Challenges and Opportunities in Adapting Accelerator Practices in Evolving Ecosystems. Proceedings of EPIC, 276-288. https://www.epicpeople.org/iterating-an-innovation-model-challenges-and-opportunities-in-adapting-accelerator-practices-in-evolving-ecosystems/
Hasbrouck, Jay
2015 Beyond the Toolbox: What Ethnographic Thinking Can Offer in a Shifting Marketplace. EPIC Perspectives. https://www.epicpeople.org/beyond-the-toolbox-what-ethnographic-thinking-can-offer/
Hochberg, Yael V., Alexander Ljungqvist, and Yang Lu
2007 Whom you know matters: Venture capital networks and investment performance. The Journal of Finance 62, no. 1, 251-301.
Huntsman, Blaine and James P. Hoban, Jr.
1980 Investment in New Enterprise: Some Empirical Observations on Risk, Return, and Market Structure. Financial Management, 44-51.
Kaplan, Steven N. and Josh Lerner
2015 Venture Capital Data: Opportunities and Challenges. NBER Working Paper No 22500.
Kedrosky, Paul
2009 Right-sizing the US venture capital industry. Venture Capital 11, no. 4, 287-293.
Kenney, Martin
2000 Understanding Silicon Valley: The Anatomy of An Entrepreneurial Region. Stanford, CA: Stanford University Press.
King, John Leslie, Vijay Gurbaxani, Kenneth L. Kraemer, F. Warren McFarlan, K. S. Raman, and C. S. Yap
1994 Institutional Factors in Information Technology Innovation. Information Systems Research, 5(2), 139-169.
Koberg, Christine S., Dawn R. Detienne, and Kurt A. Heppard
2003 An Empirical Test of Environmental, Organizational, and Process Factors Affecting Incremental and Radical Innovation. The Journal of High Technology Management Research, 14(1), 21-45.
Kramer, Barry J and Michael J. Patrick
2014 Silicon Valley Venture Capital Survey, Fourth Quarter 2014. Fenwick.
Lacy, Sarah
2008 Once You’re Lucky, Twice You’re Good: The Rebirth of Silicon Valley and the Rise of Web 2.0. New York: Penguin Group.
Ladner, Sam
2014 Practical Ethnography: A Guide to Doing Ethnography in the Private Sector. Walnut Creek, CA: Left Coast Press.
Lerner, Josh and Joacim Tag
2013 Institutions and Venture Capital. Industrial and Corporate Change, 22(1), 153-182.
Lombardi, Gerald
2009 The De-skilling of Ethnographic Labor: Signs of an Emerging Predicament. Proceedings of EPIC 2009: 42-49. https://www.epicpeople.org/the-de-skilling-of-ethnographic-labor-signs-of-an-emerging-predicament/
Great article 🙂 I’m concerned about this phrase though :”…and allows them to lock in high levels of personal income, even if they fail to return investment capital to the limited partners who invest in the fund (Mulcahy et al 2012)”
Carriest interest is only earned by GP/VCs when the fund they are managing, performs above mere investor capital return, hurdle included.,(hurdle being the investors (LPs) minimum expected return in terms of IRR ( Internal Rate of Return)).
So no VC can earn carried before having started to make a profit, unless there is a flaw in the fund’s LPA (Limited Partnership agreement)