CUMMING – författare

Venture capital (VC) refers to investments provided to early-stage, innovative, and high growth start-up companies. A common characteristic of all venture capital investments is that investee companies do not have cash flows to pay interest on debt or dividends on equity. Rather, investments are made with a view towards capital gain on exit. The most sought after exit routs are an initial public offering (IPO), where a company lists on a stock exchange for the first time, and an acquisition exit (trade sale), where the company is sold in entirety to another company. However, VCs may exit by secondary sales, where the entrepreneur retains his or her share but the VC sells to another company or another investor, buybacks, where the entrepreneur repurchases the VC`s interest, and write-offs or liquidations. The Oxford Handbook of Venture Capital provides a comprehensive picture of all of the issues dealing with the structure, governance, and performance of venture capital. It comprises contributions from 55 authors currently based in 12 different countries.

In 1925, the 22-year-old Kenneth Clark (1903–1983) and the legendary art critic and historian Bernard Berenson (1865–1959) met in Italy. From that moment, they began a correspondence that lasted until Berenson’s death at age 94. This book makes available, for the first time, the complete correspondence between two of the most influential figures in the 20th-century art world, and gives a new and unique insight into their lives and motivations. The letters are arranged into ten chronological sections, each accompanied by biographical details and providing the context for the events and personalities referred to. They were both talented letter writers: informative, spontaneous, humorous, gossipy, and in their frequent letters they exchanged news and views about art and politics, friends and family life, collectors, connoisseurship, discoveries, books read and written, and travel. Berenson advised Clark on his blossoming career, warning against the museum and commercial art worlds while encouraging his promise as a writer and interpreter of the arts. Above all, these letters trace the development of a deep and intimate friendship.