Imprinting the economy: The structural power of venture capital

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dc.contributor.authorCooiman, Franziska
dc.date.accessioned2023-09-19T15:41:56Z
dc.date.available2023-09-19T15:41:56Z
dc.date.issued2022
dc.description.abstractThis article analytically links asset management and the digital economy by analyzing the structural power of venture capital (VC) investors. Therefore, I propose the notion of imprinting, which describes how financial actors, enabled by their structural position, shape businesses according to their specific logic. Concretely, I argue that VCs’ logic is one of assetization, whereby VCs turn startups into assets for themselves and their capital providers. To do so, VCs seek hypergrowth, selecting only companies with the potential to grow fast and large and decouple financial value from business fundamentals. Instead of the threat of exit, VCs establish direct and indirect channels of control: legally, via preferred shareholder rights, board seats, and payout conditionality; and as participatory capital, offering operational advice and access to their network. The article contributes to a nuanced understanding of financial sector power in contemporary capitalism.
dc.identifier.citationCooiman, F. (2024). Imprinting the economy: The structural power of venture capital. Environment and Planning A: Economy and Space, 56(2), 586-602. https://doi.org/10.1177/0308518X221136559
dc.identifier.doihttps://doi.org/10.1177/0308518x221136559
dc.identifier.issn0308-518X
dc.identifier.issn1472-3409
dc.identifier.urihttps://www.weizenbaum-library.de/handle/id/367
dc.language.isoeng
dc.rightsopen access
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectStructural power
dc.subjectventure capital
dc.subjectassetization
dc.subjectasset manager capitalism
dc.titleImprinting the economy: The structural power of venture capital
dc.typeArticle
dc.type.statuspublishedVersion
dcmi.typeText
dcterms.bibliographicCitation.booktitleEnvironment and Planning A: Economy and Space
dcterms.bibliographicCitation.doi10.1177/0308518X221136559
dcterms.bibliographicCitation.issue2
dcterms.bibliographicCitation.journaltitleEnvironment and Planning A: Economy and Space
dcterms.bibliographicCitation.pageend602
dcterms.bibliographicCitation.pagestart586
dcterms.bibliographicCitation.urlhttp://journals.sagepub.com/doi/10.1177/0308518X221136559
dcterms.bibliographicCitation.volume56
local.researchgroupArbeiten mit Künstlicher Intelligenz
local.researchtopicOrganisation von Wissen
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