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We examine the dynamics of the positive sorting in the venture capital industry. Our findings indicate that switching lead VCs is not uncommon during the course of entrepreneurial firms' development. Companies with upwardly revised perceived quality are more likely to switch to more reputable...
Persistent link: https://www.econbiz.de/10013117664
We examine the dynamics of the positive sorting in the venture capital industry. We empirically show that there is considerable re-balancing of the VC-company matches. We further find that higher-quality companies associated with less reputable VCs are more likely to switch to more reputable...
Persistent link: https://www.econbiz.de/10013152417
We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to found … online database indicate that founders stick with entrepreneurship as a serial entrepreneur or as an angel investor only in …
Persistent link: https://www.econbiz.de/10011436054
We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as … that founders are more likely to stick with entrepreneurship as a serial entrepreneur or as an angel investor in cases …
Persistent link: https://www.econbiz.de/10011539856
We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture capitalists (VCs). VCs take control through their board seats along with...
Persistent link: https://www.econbiz.de/10011473538
This paper empirically examines the impact of entrepreneurial firm plaintiff litigation on the ability of entrepreneurial firms to obtain venture capital (VC), and the subsequent effect on VC exit outcomes. This empirical context is important, as both the costs of litigation and potential...
Persistent link: https://www.econbiz.de/10013115080
This paper empirically examines the interaction between entrepreneurial plaintiff firm litigation and venture capital (VC). The data indicate that, relative to non-plaintiffs, firms that litigate prior to [after] obtaining VC (1) receive financing from less [more] reputable venture capitalists...
Persistent link: https://www.econbiz.de/10012998535
This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...
Persistent link: https://www.econbiz.de/10013070904
This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...
Persistent link: https://www.econbiz.de/10013076671
(VC), and after VC exit. Prior to obtaining VC, entrepreneurs may have started other ventures, worked as a salaried …, start another firm (‘serial entrepreneur'), or become a business angel that invests in other entrepreneurs. Our detailed … data resting on the CrunchBase online database indicate that VC exit systematically spawns serial entrepreneurs only in …
Persistent link: https://www.econbiz.de/10013032317