Wagniskapitalfinanzierungen sind ein wichtiges Konstrukt im Gefüge einer Volkswirtschaft. Sie stellen den Teil der Frühphasenfinanzierung des Sektors der Eigenkapitalbeteiligungen dar. Geplante Unternehmensneugründungen sind gerade bei kapitalintensiven Tätigkeiten verstärkt auf...

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...

Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of problems and affect finance composition. However,...