We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand …-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure … milestone financing, pure round financing and mixes). Thereby, contract completeness reduces when going from pure milestone …

Throughout modern business history, contract has been used as an organizational technology that holds counterparties in … formal or legally binding agreements. The proliferation of contract prompted the emergence of professional contract managers …), contract has come to be seen as a standard coordination device whose foundational assumptions are taken for granted. In this …