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It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product...
Persistent link: https://www.econbiz.de/10010263790
We investigate whether the supply of venture capital (VC) is driven by spatial proximity between a VC company and the portfolio firm. Our analysis is based on information about VC investments in Germany between 2004 and 2009. We find that possible problems caused by the geographic distance to a...
Persistent link: https://www.econbiz.de/10010286469
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project´s feasibility. Our...
Persistent link: https://www.econbiz.de/10010266651
This paper is concerned with the relationship between innovative success of entrepreneurs and their prior knowledge at … evidence that the innovative success subsequent to firm formation is enhanced by entrepreneur's prior technological knowledge … embeddedness within a research community has an additionally positive influence on post start-up innovative success. This is a …
Persistent link: https://www.econbiz.de/10010263810
We study the determinants of borrowers' default in P2P lending with a new data set consisting of 70,673 loan observations from Lending Club. Previous research identified a number of default determining variables but did not distinguish between different loan risk levels. We define four loan risk...
Persistent link: https://www.econbiz.de/10011580464
Membership platforms allow creators to crowdfund a monthly income, while campaigns on conventional reward crowdfunding … biggest membership platform, to gain insights about behavioral patterns at this emerging type of crowdfunding. Our analysis … communication quality are determinants of project success, in line with the related literature. Funding dynamics - pledges as well …
Persistent link: https://www.econbiz.de/10012389627
Over the past years crowdfunding emerged as an alternative funding channel for entrepreneurs. In contrast to … traditional financiers (banks, venture capital firms or angel investors), crowdfunding allows individuals to fund entrepreneurs … directly even with small amounts. We received individual-level data from Startnext, the biggest crowdfunding platform in …
Persistent link: https://www.econbiz.de/10010500162
Over the past years crowdfunding emerged as an alternative funding channel for entrepreneurs. In contrast to … traditional financiers (banks, venture capital firms or angel investors), crowdfunding allows individuals to fund entrepreneurs … directly even with small amounts. We received individual- level data from Startnext, the biggest crowdfunding platform in …
Persistent link: https://www.econbiz.de/10011115279
It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product...
Persistent link: https://www.econbiz.de/10005051036
We investigate whether the supply of venture capital (VC) is driven by spatial proximity between a VC company and the portfolio firm. Our analysis is based on information about VC investments in Germany between 2004 and 2009. We find that possible problems caused by the geographic distance to a...
Persistent link: https://www.econbiz.de/10008671901