Fazekas, BalázsMengal, Mir Miran Khan2019-10-242019-10-242019-10-24http://hdl.handle.net/2437/274818This research paper serves as a guide regarding venture capital investments. Explaining the processes, criteria and their significance in financing start-ups and small enterprises in emerging countries, which in this case is the Baltics (Estonia and Latvia). This thesis aims to describe how venture capitalists make financing and investment decisions and compare these results with theoretical recommendations found in corporate finance and venture capital literature. The focus is on the methodological procedures in venture capital investment and financing. The conclusions, recommendations, and literature examination are based on the motive of contributing to the complex, ambiguous and technical research of venture capital markets and its ways of functioning in particular economies.60enventure capitalstart-upSMEsBalticsEstoniaLatviafinancepublic sectorprivate sectorEUDEENK Témalista::Közgazdaságtudomány