Small Business:

Profiles of Venture Capital Financing, 1983 Through 1987

RCED-89-68BR: Published: May 19, 1989. Publicly Released: Jun 20, 1989.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO studied venture capital financings of Small Business Administration (SBA) small business investment companies (SBIC) and minority enterprise small business investment companies (MESBIC), focusing on the: (1) locations of the assisted firms; (2) types of financing provided; (3) assisted firms' industrial categories; and (4) accuracy and completeness of the SBA database regarding SBIC and MESBIC.

GAO found that, in 1987: (1) there were 307 licensed SBIC and 128 licensed MESBIC; (2) SBIC concentrated over half of their venture capital financings in five states and MESBIC concentrated nearly 80 percent of their venture capital financing activity in five states; (3) SBIC financings were secured with equity, debt, or a combination, while MESBIC typically secured their financings with debt instruments; (4) SBIC tended to finance a more diverse range of industries than MESBIC; (5) SBIC and MESBIC concentrated most of their financings in first-time ventures; (6) SBIC predominantly funded firms located outside their home states, while MESBIC funded a higher concentration of businesses within their home states; and (7) the SBA database contained reliable and accurate data, although it did not contain some reports which firms failed to file before the cutoff date for data entry.

Jul 9, 2014

Jun 19, 2014

May 30, 2014

May 15, 2014

May 13, 2014

May 12, 2014

May 2, 2014

Mar 27, 2014

Mar 13, 2014

Looking for more? Browse all our products here