- Slang referring to a deal in which a venture capitalist invests in a startup with the goal of a quick exit strategy. The VC takes little to no role in the management and monitoring of the startup.
A "drive-by VC" is a venture capitalist who does this type of deal.
Critics say a drive-by deal results in companies which are pushed towards an IPO even though they aren't ready. All because the VC wants to get its money out.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
drive-away — /ˈdraɪv əweɪ/ (say druyv uhway) adjective 1. of or relating to the purchase of a motor vehicle which can be driven away immediately after sale, with the cost of registration and compulsory third party insurance being included in the price: a… … Australian English dictionary
Drive (2011 film) — Drive Theatrical release poster Directed by Nicolas Winding Refn Produced by Mic … Wikipedia
Drive (TV series) — Drive Genre Drama Action Created by Tim Minear Ben Queen Starring … Wikipedia
drive a hard bargain — To bargain vigorously and uncompromisingly before coming to an agreement • • • Main Entry: ↑bargain * * * be uncompromising in making a deal * * * drive a hard bargain ◇ If you drive a hard bargain, you do not agree easily to what other people… … Useful english dictionary
Drive-By Truckers — performing at The Gorge Amphitheatre, Washington, during the Sasquatch! Music Festival in 2010. Background information Origin … Wikipedia
Deal — Deal, v. i. 1. To make distribution; to share out in portions, as cards to the players. [1913 Webster] 2. To do a distributing or retailing business, as distinguished from that of a manufacturer or producer; to traffic; to trade; to do business;… … The Collaborative International Dictionary of English
Drive-Thru Records — Founded 1996 Founder Richard Reines Stefanie Reines Distributor(s) … Wikipedia
Drive Like Jehu (album) — Drive Like Jehu Studio album by Drive Like Jehu Released … Wikipedia
deal — 1 vb dealt, deal·ing vt: to carry on the business of buying or esp. selling (something) deal ing drugs vi 1: to engage in bargaining 2: to sell or distribute something as a business or for money deal … Law dictionary
Drive Slow — Single by Kanye West featuring Paul Wall and GLC from the album Late Registration … Wikipedia