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
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Englisch
- Bibliographic citation
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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
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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
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Early-Stage Ventures
Startup
Valuation
Exit
Disposition
- Event
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Geistige Schöpfung
- (who)
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Busenitz, Lowell W.
Fiet, James O.
- Event
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Veröffentlichung
- (who)
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JAI Press
- (where)
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Greenwich, CT
- (when)
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1996
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
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Object type
- Artikel
Associated
- Busenitz, Lowell W.
- Fiet, James O.
- JAI Press
Time of origin
- 1996