This study looks at the investment behavior of 68 early stage venture capital funds in Europe. Using a conjoint analysis model, it lets venture capitalists make investment decisions in 27 well selected business proposals. The technique combines the advantage of post hoc studies (well coded and...

In this article we examine the influence of formal technology transfer from a public research organization (PRO) on the amount of capital a spin-off raises at start-up and the increase in capital post start-up. We examine these relationships using a unique sample of 135 spin-offs from PROs...

We address the question: do technology investors differ from traditional investors? Employing a conjoint methodology, we identified 28 technology investors from a sample of 68 European early stage investors. Comparing the two groups of investors we found that: (1) technology investors were not...