Drive-by VC

Definition:

A type of venture capitalist. In the usual model, the venture capitalist (VC) is involved in management and monitoring of the startup. A drive-by VC invests in a portfolio of startups and is often quick to exit.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Asset-backed security

A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.

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