Download or read book A Study of the Correlation Between Pre IPO Venture Funds and Founder Characteristics with High tech Firm Growth written by Safwan Zaheer and published by . This book was released on 2008 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: (cont.) As far as the prior relevant industry experience of the founder is concerned, an average experience of 6+ years was found to be positively correlated with firm growth. Even though, no correlation was found between founder education and firm growth; founders having a masters or a PhD degree outperformed those with a bachelor's or even a high-school degree. The results serve to provide contextual information to managers, investors, and academics who wish to consider their firm's growth potential or in general invest in high-tech firms. In addition, the study adds to the rich literature on the impact of pre-IPO venture funds and founder characteristics on firm success.
Download or read book VC written by Tom Nicholas and published by Harvard University Press. This book was released on 2019-06-03 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: From nineteenth-century whaling to a multitude of firms pursuing entrepreneurial finance today, venture finance reflects a deep-seated tradition in the deployment of risk capital in the United States. Tom Nicholas’s history of the venture capital industry offers a roller coaster ride through America’s ongoing pursuit of financial gain.
Download or read book How Venture Capital Works written by Phillip Ryan and published by The Rosen Publishing Group, Inc. This book was released on 2012-07-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.
Download or read book Founder vs Investor written by Elizabeth Joy Zalman and published by HarperCollins Leadership. This book was released on 2023-09-12 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: How many world-changing startups will fail because the founders and investors never figure out how to work together? Founder Elizabeth Zalman and Investor Jerry Neumann square off in this one-of-a-kind book, exposing how startups are built, broken, and fought over. Every iconic tech company was once a startup. And while these companies like to paint an origin story full of surefooted confidence, the truth is usually something different: the early life of most startups is pure chaos. This chaos comes from the vastly different motivations and incentives between those with the vision and those with the money. From fundraising paranoia to boardroom coups, Zalman and Neumann train their inimitable voices on the gulf between what founders and investors promise to do and what they end up actually doing. Founder vs Investor is the brutal truth, from each side’s perspective, of the pitfalls of this tenuous relationship—where bad blood can turn sure things into shattered dreams. It is the only book written by insiders with the temerity to pull back the curtain on the world of high growth venture-backed startups.
Download or read book High Growth Enterprises written by Mathew J. Manimala and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The phenomenon of enterprise growth is more a function of the nature of the entrepreneurial person and the policies and strategies adopted by a venture rather than the economic and environmental factors such as profitability or industry growth. This book focuses on the role of founder characteristics and venture policies in promoting enterprise-growth, with special focus on High Growth Enterprises. The research reported in this book is triggered by the that almost 95% of business start-ups either get closed down or stagnate, with only about 5% taking to a growth path, even though many more of them are profitable. The study presented in the book investigates the relationships between enterprise growth and venture policies as well as entrepreneurial characteristics such as the traits, motives and background of entrepreneurs. It also identifies the general entrepreneurial characteristics and points to the need for reviewing/redefining some of the concepts traditionally associated with entrepreneurship, such as achievement motive, power motive, desire for independence, risk-taking ability, support and encouragement, etc"--
Download or read book Determinants of the Round to Round Returns to Pre Ipo Venture Capital Investments in U S Biotechnology Companies written by John R. M. Hand and published by . This book was released on 2014 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: I propose that pre-IPO venture-backed biotech companies offer a productive new setting through which to discriminate among theories of why firm size and book-to-market explain variation in expected stock returns. This is because pre-IPO biotech firms have large and rapidly evolving growth options relative to assets-in-place. Such attributes align closely with the key features of Berk, Green and Naik's (1999) model of the endogenous relations between growth options, optimal investment actions and expected equity returns, where firm size and book-to-market emerge as sufficient statistics for the aggregate risk of a firm's assets-in-place. Using venture capital investments in pre-IPO U.S. biotech companies during 1992-2001, I find that equity returns between financing rounds (quot;round-to-roundquot; returns) are reliably negatively related to firm size and positively related to book-to-market ratios. These results are consistent with Berk, Green and Naik's theory. They are less consistent with competing explanations such as financial distress, behaviorally biased investors or data snooping.
Download or read book The Founder s Investor Choice written by Alexander G. W. Schröder and published by Springer Nature. This book was released on 2021-09-03 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: A founder’s decision for an investor can substantially influence the new venture’s success. Two common types of venture capital (VC) are independent venture capital (IVC) and corporate venture capital (CVC). Previous research focused on the investor’s perspective and studied the distinct differences between IVC and CVC, their value-adding capabilities, and risks. In contrast, as founders’ investor options have been rising, this research focuses on the founders and studies, which of the two types they prefer and why. The author outlines which investor characteristics founders favor and quantifies the value of these VC characteristics in terms of accepted equity dilution. The results show that founder preferences for the two VC types are highly heterogeneous. The author provides recommendations for founders on how to find the right investor and outlines how investors can position themselves to attract the most promising ventures and founding teams.
Download or read book Entrepreneurial Finance written by Cristiano Bellavitis and published by Routledge. This book was released on 2019-07-23 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the proliferation of new sources of entrepreneurial finance and how these sources have the potential to make it easier for ventures to raise capital and grow. To date, entrepreneurial finance literature has developed a rich tradition of research on venture capital and angel finance. However, the emergence of ‘new’ sources of finance – such as crowdfunding – and the limited attention paid to ‘traditional’ debt financing and financial bootstrapping offer opportunities to explore, from different points of view and theoretical perspectives, the challenges that ventures face. The objective of this book is to explore these new and traditional sources of finance; suggest how these phenomena can be better understood conceptually; and guide new ways of understanding the topic in future, especially for researchers. The introduction outlines the new sources of entrepreneurial finance, and in comparing them with more traditional sources, proposes challenges in our conceptual understanding of these new and traditional sources. The subsequent chapters deal with important topics, including looking at the way different funding sources may interact; factors that impede family firms from getting external funding; how best to succeed with equity crowdfunding by looking at pre-selection processes; considering differences in perceptions towards funding sources arising from whether entrepreneurs are native born or immigrants; factors to consider when funding specialized assets in high uncertain sectors such as biotechnology; and the internationalization of business angel activity. This book was originally published as a special issue of the Venture Capital journal.
Download or read book Equity Investments Venture Capital and the Federal Role in the Availability of Financing for High technology Companies written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Growth and Credit Formation and published by . This book was released on 1994 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Venture Capital on Firm Growth written by Dirk Engel and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Venture Capital and New Technology Based Firms written by Oliver Pfirrmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to investigate in the role of Venture Capital in the development of New Technology Based Firms in two countries: USA and Germany. Based on literature review and empirical work issues concerning the extent and stage of financing, the nature of oversight provided by Venture Capitalists and the framework conditions for Venture Capital are subject of investigation. The results have been reflected in a workshop with experts from research, industry and policy.
Download or read book Differences of Founder Characteristics in High Tech Spin Offs Which factors influence the decision to become a startup founder written by Michael Strommer and published by GRIN Verlag. This book was released on 2016-07-07 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2016 in the subject Business economics - Investment and Finance, grade: 1,3, Technical University of Munich (TUM School of Management), language: English, abstract: Entrepreneurship is a booming topic. More and more entrepreneurs set out to launch their own startups to eventually turn them into unicorns one day. But what makes people choose a risky, unsafe alternative over a safe, waged employment? I digged into personal motives, social and cultural aspects to fully understand the drivers of entrepreneurship. To get empirical evidence, a study among startup founders from TU Munich was conducted. Chapter 1 will therefore describe the nature of HTSOs, differentiate their nature from non-technology start-ups and further highlight their importance in securing economic progress. After getting an understanding of the topic’s importance to the business community and why exactly such specific foundations are subject of this thesis, the focus in Chapter 2 shifts from an institutional to a personal level. Chapter 2 will investigate different theories which explain how an individual’s characteristics and personality are shaped throughout the course of life. This is important to get an understanding of the core subject of this thesis, the individuals who have come-up with promising innovations and founded their own spin-off. Research on start-ups and their founders is relatively new compared to traditional fields of studies, but has already contributed remarkable insights into founder characteristics, personality traits of founders and success factors of start-ups in general. Chapter 3 is dedicated to the empirical section of this thesis, describing the methodology of the survey and conducting a descriptive analysis of the survey findings. In a second step, the results are discussed and elaborated on in more detail.
Download or read book Summary of Scott Kupor s Secrets of Sand Hill Road written by Everest Media, and published by Everest Media LLC. This book was released on 2022-03-25T22:59:00Z with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 The tech and investment world was different in the 1990s. It was a great time to be starting out in the tech industry, as there seemed to be no end to the promise of technology and the amount of wealth creation available to everyone involved. #2 I was completely oblivious to the tech boom around me, as I had spent my time after graduating from Stanford University and Stanford Law School in Houston, Texas, clerking for the Fifth Circuit Court of Appeals in Silicon Valley. #3 I had finally opened my eyes to what was happening around me, and I wanted to be a part of it. I had just been hired by LoudCloud, a startup that sought to turn computing power into a utility. As an engineer, you should be able to develop your custom application and then just plug it in to the compute utility. #4 I interviewed with several members of the team, including cofounder Ben Horowitz. He was dressed in Oakland Raiders gear, which was completely in character. I now know that his attire was completely in character.
Download or read book Financing High Growth Firms The Role of Angel Investors written by OECD and published by OECD Publishing. This book was released on 2011-12-20 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report covers seed stage financing for high growth companies in OECD and non-OECD countries with a primary focus on angel investment.
Download or read book Pre IPO Firm Performance and Corporate Governance of U S IPO Firms written by Marie-Claude Morin and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines differences between venture-backed and non venture-backed IPO firms in three aspects. First, operating performance and firm growth are examined in the pre-IPO period and in the IPO year. Second, differences in the corporate governance mechanisms in place at the time of the IPO are considered. In order to do so, board structure and directors' ownership and voting power are considered. Third, differences in the degree of IPO underpricing between the two groups are tested. Possible relationships of IPO underpricing with firm performance and corporate governance are also explored. We find venture-backed firms experience poorer operating performance in the IPO year as well as in the four years preceding it. On the other hand, they show higher growth in operating performance and revenues compared to non venture-backed firms. Board size is positively related to the number of VCs involved, but negatively related to VCs' ownership in the firm. Venture-backed firms have more outside directors but fewer independent directors on their board compared to non venture-backed firms. In addition, CEO duality is less common in venture-backed firms. Finally, IPO underpricing is larger for venture-backed firms, except for firms in the smallest size quartile. We also find underpricing not to be significantly related to firm performance and corporate governance mechanisms.
Download or read book The Founder s Dilemmas written by Noam Wasserman and published by Princeton University Press. This book was released on 2013-04 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Founder's Dilemmas examines how early decisions by entrepreneurs can make or break a startup and its team. Drawing on a decade of research, including quantitative data on almost ten thousand founders as well as inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, Noam Wasserman reveals the common pitfalls founders face and how to avoid them.
Download or read book Technology Entrepreneurship written by André Presse and published by Springer. This book was released on 2018-03-22 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of expert articles explores the development drivers of new technology-based firms and projects. It provides perspectives for an in-depth understanding of how technological inventions lead to the creation of new and sustainable companies or business units. The authors address methods and concepts that help technology-based start-ups and entrepreneurial projects successfully develop innovative products and services.
