Artikel

The Effects of Early Stage Venture Capitalist Actions on Eventual Venture Disposition

This study examines the relationship between venture capitalist actions and the eventual disposition of a venture through an IPO, which is the most profitable exit strategy. The actions included in this study were ( 1) altering the amount of their investment; ( 2) securing a concentrated equity position; ( 3) diversifying their syndicate investments; and ( 4) introducing their investees to other sources of financing. After five years, this study found a positive relationship between IPO exit and ( 1) the amount of their investment; and ( 2) the diversification of their VC syndicate. However, it found only mixed results for ( 1) venture capitalist concentrated equity position; and ( 2) introductions to other sources of funding. Finally, implications for future research are discussed.

Language
Englisch

Bibliographic citation
Journal: Journal of Entrepreneurial and Small Business Finance ; ISSN: 1057-2287 ; Volume: 5 ; Year: 1996 ; Issue: 2 ; Pages: 97-114 ; Greenwich, CT: JAI Press

Classification
Management
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Asset Pricing; Trading Volume; Bond Interest Rates
Subject
Early-Stage Ventures
Startup
Valuation
Exit
Disposition

Event
Geistige Schöpfung
(who)
Busenitz, Lowell W.
Fiet, James O.
Event
Veröffentlichung
(who)
JAI Press
(where)
Greenwich, CT
(when)
1996

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Busenitz, Lowell W.
  • Fiet, James O.
  • JAI Press

Time of origin

  • 1996

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