Busenitz, Lowell W.; Fiet, James O. - In: Journal of Entrepreneurial and Small Business Finance 5 (1996) 2, pp. 97-114
This study examines the relationship between venture capitalist actions and the eventual disposition of a venture through an IPO, which is the most profitable exit strategy. The actions included in this study were ( 1) altering the amount of their investment; ( 2) securing a concentrated equity...