The present research sets out to reach a better understanding of the determinants of business angels' active involvement in making BANs accomplish diverse functions and building cognitive resources and shared competencies. We propose a framework where angels' human capital and cognitive process...

The present research links business angels' cognitive and behavioral features and co-investment practice with professional venture funds in explaining differential rates of growth. Using a questionnaire survey we were able to gather a unique dataset concerning the characteristics, investment...

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 market for entrepreneurial equity finance has significantly evolved over the past decades and has grown ever more complex. Different investor-types, namely the crowd, business angels and venture capitalists contribute to the market, and their characteristics, investment behavior and...

Venture capital, angel financing, and crowdfunding have evolved and matured in the entrepreneurial finance market. These market developments have also been accompanied by a growing body of research. In this paper, we provide an overview of a vast body of literature in the field of...

Studying the creation of venture boards in a hand-collected sample of 296 VC investment rounds in 132 German high-tech ventures, we find that risk exposure and investor syndication are strong predictors of whether a formal board is created or not. Our setup allows to study the creation of the...