Venture capital is a potent source of R&D financing which contributes significantly to technological innovation output in the form of patented inventions. Scholars have argued that tighter protection of intellectual property rights reduces expropriation risks and encourages venture capitalists...

Venture capital is appropriately referred to as risk capital. It is notorious for its high failure rate. Thus selection criteria used by venture capitalists (VCs) for screening and evaluating investment opportunities are of utmost importance. They define chances of success. Scholars have argued...