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The venture capital literature has established the positive impact of coinvestment networks on the performance of start-up investments. In early stages, however, often angel financing is the primary source of external equity. Using a novel in-depth data set of U.S. high technology start-ups we...
Persistent link: https://www.econbiz.de/10013066931
This study investigates the key determinants of the size of investment in Russian IT companies during follow-on rounds … hypothesis proposed by the authors (about impact of the number of founders on the investment in sub-sequent rounds) as well as … hypothesis about the impact of target market growth on the investment size are also rejected. The latter is surprising as the …
Persistent link: https://www.econbiz.de/10012891309
This study investigates the key determinants of the size of investment in Russian IT companies during follow-on rounds … hypothesis proposed by the authors (about impact of the number of founders on the investment in subsequent rounds) as well as … hypothesis about the impact of target market growth on the investment size are also rejected. The latter is surprising as the …
Persistent link: https://www.econbiz.de/10012921063
investment moderates this effect; ventures are associated with greater performance when late-stage investments come without board …
Persistent link: https://www.econbiz.de/10013238275
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