Abstract:

The article presents the author's own studies of the private equity and venture capital investment influence on enterprise activity. Comparing venture-backed firms and others shows that venture-backed companies patent more than others firms and their ideas contain higher technological and economic values. The vast majority of Polish managers believes their company would not have existed or would have grown less rapidly without venture capital. Respondents also believe that venture capital funding encouraged employment, investment, R&D spending and export. An important source of empirical data is the author's own surveys and interviews with representatives of shareholding companies, as well as with private equity fund managers. Years of research: 1998 2016. The study involved 59 companies, which account for 11% of the entire population were taken into consideration.