The conventional wisdom is that entrepreneurs seek financing for their high-growth, high-risk start-up companies in a … (and usually ex-entrepreneurs) who invest their own money in multiple, early-stage start-ups. Finally, after angel funds … run dry, entrepreneurs seek funding from venture capitalists, whose big dollars and deep connections lead the start-up to …

If control of their firms allows entrepreneurs to derive private benefits, it also allows other controlling parties … and analyze entrepreneurs' financing strategy between the two. We find that, in all strict Nash Equilibria, entrepreneurs … who value private benefits more choose banks while the rest choose venture capital. Thus, bank-financed entrepreneurs …

We analyze the roles of entrepreneurs, venture capitalists (VC), and the government in financing fundamental …

contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model …

contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model …

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially … the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture …

Staged financing of venture capital-backed firms is valuable to both investors and entrepreneurs, but comes with a …

capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture …