Start-up growth is often treated as a stylised fact, despite an extensive research body composed of divergent theories and empirical findings. Against this background, this work contributes to the literature by analysing a hand-collected dataset of 2,951 EIF-backed VC start-ups. Section 2...

This paper presents the results obtained from a survey among public and private venture capitalists from countries which attract a large amount of venture capital investment: Germany, Switzerland, Austria and Israel. The objective is to investigate venture capitalists’ investment criteria for...

This paper contributes to the literature on new firms in two ways. First, by addressing new venture investment, it focuses on a largely neglected, but important, issue of new firm business decisions. Second, it provides a valuable picture for how real investing by new businesses is going to...

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...

Using two sets of hand-collected survey data, we studied the value-adding activities of venture capitalists (VCs) operating in the weak legal environment of China. VCs exert value-enhancing efforts in addition to monitoring through trust considerations. We identified the effects of three types...

Corporate venture capital (CVC) investment has increasingly become an important source of entrepreneurial finance. Accordingly, while scholars have traditionally focused on understanding the main motivations behind CVC activity and its impact on the investing corporate firm, more recently,...

The wide-spread use of syndication among venture capital investors has led to the creation of extensive co-investment networks which may in turn affect syndication and investment activity. Using an extensive ten year panel data set of 3,797 venture capital and 1,290 angel investors, this study...

The aim of this paper is to better understand how entrepreneurial equity finance interacts with the complex growth process of young technological ventures. More specially, we investigate how different growth paths are influenced by the entrepreneurs' interactions with different categories of...

The evidence on how corporate venture capital (CVC) investments affect investee ventures’ commercial performance is mixed. An examination of the timing of CVC investments can partially explain the effect’s variation. Previous studies showed that the timing of ventures’ resource acquisition...

The paper discusses the role of government policies and related support services in the formation of start-up businesses in South Korea. Start-ups can infuse an economy with renewed vigor, but it is questionable how Korea, an economy that has been dependent on a few large conglomerates in the...