Direito e desenvolvimento do mercado de venture capital
DOI:
https://doi.org/10.11606/issn.0102-8049.ip%25pPalavras-chave:
Venture Capital, Direito Societário, Startups, Governança Corporativa, Finanças Corporativas, Direito ContratualResumo
O mercado de venture capital desempenha um papel importante no financiamento de startups. Diversos países vêm adotando medidas para promover as atividades de startups, bem como investimentos em venture capital (VC). A literatura analisa diversos fatores econômicos e institucionais que determinam os níveis de investimento em VC entre diferentes países. O objetivo deste artigo é analisar como o direito pode influenciar o desenvolvimento do mercado de VC. Para isso, apresenta uma revisão da literatura sobre os aspectos jurídicos considerados essenciais para o crescimento dos mercados de VC em diversos países, com foco nos aspectos de direito societário. A partir da revisão de literatura, o artigo identifica como o direito pode impactar o mercado de VC por meio de três elementos centrais: (i) a disponibilidade de capital neste setor; (ii) a existência de instituições jurídicas adequadas para viabilizar as atividades dos intermediários financeiros; e (iii) a existência de um ambiente favorável para o desenvolvimento de negócios inovadores por empreendedores.
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