Digital start-up access to venture capital financing: What signals quality?

Nigam, Nirjhar; Benetti, Cristiane; Johan, Sofia

doi:10.1016/j.ememar.2020.100743

Cited by 37 publications

(28 citation statements)

References 135 publications

(149 reference statements)

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“…The most important determinant of the existence of start-ups-regardless of their locationis the availability of intellectual and financial capital. Given the specificity of start-ups, this is a rational and logical conclusion confirmed by the authors' research and previous publications [53,54,56,58]. In this context, the role of the city is to take care of improving human resources and attracting potential investors [63,68,73,74,76].…”

Section: Discussionsupporting

confidence: 72%

“…Therefore, one of the biggest obstacles in launching start-ups are financial barriers [49][50][51]. Access to external financing for start-ups in the form of the most popular bank loans is difficult due to the parallel occurrence of the following circumstances: Due to the above circumstances, the most common form of financing start-ups are business angels and venture capital [52][53][54][55][56][57]. However, such forms of financing are lined to the necessity of accepting a significant role of investors in the process of establishing and developing a given enterprise.…”

Section: Determinants Of Existence and Development Of Start-upsmentioning

confidence: 99%

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The Influence of Local Economic Conditions on Start-Ups and Local Open Innovation System

Jonek-Kowalska

Wolniak

2021

Journal of Open Innovation: Technology, Market, and Complexity

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The development of start-ups is a driving force of the local and regional economy. Therefore, it should be in the interest of municipal authorities to take actions for their organizational and resource support. In the conditions of limited public resources, however, it is a difficult and multifaceted task. Therefore, in this article, the authors attempt to determine the influence of local conditions on the establishment of start-ups. As a natural environment for the development of this type of entrepreneurship, cities were considered in which accessibility to infrastructure and human resources is high, and thus, by definition, conducive to creativity and innovation. Such a formulations of the objective and scope of the research allowed the existing theoretical and research gaps to be filled, relating to the identification and establishment of a hierarchy of local determinants of creating start-ups in the urban environment. The research in question was carried out on a representative sample of 287 Polish cities using questionnaire techniques and structural modelling. The results confirm the dominant influence of human and financial capital on the establishment of start-ups. The research also shows a slightly less significant influence of business incubators and technology parks on the creation of start-ups, which implies the need to improve the performance of these entities. The results also point to the positive role of direct city involvement in the development of this form of entrepreneurship.

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Section: Discussionsupporting

confidence: 72%

Section: Determinants Of Existence and Development Of Start-upsmentioning

confidence: 99%

The Influence of Local Economic Conditions on Start-Ups and Local Open Innovation System

Jonek-Kowalska

Wolniak

2021

Journal of Open Innovation: Technology, Market, and Complexity

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“…According to some scientists, the process of developing the theory of entrepreneurship took place based on the understanding the relevant practice in four stages (Gartner et al, 1994). Nigam and his other like-minded scientists, based on the results of scientific communication of this position, came to these milestone positions (Nigam et al, 2020) At the first stage, as it turned out, the attention was focused exclusively on substantiating the entrepreneur's risk. In general, it was argued that an entrepreneur is an individual who has a strategic forecasting methodology and is willing to take on future risks, and whose actions are characterized not only by a desire to make a profit, but also by an absolute willingness to incur losses (Jones & Wadhwani, 2006).…”

Section: Resultsmentioning

confidence: 99%

Socio-Economic Determinants Of Changes In The Regional Entrepreneurship Environment Development

Ergin¹

2021

European Proceedings of Social and Behavioural Sciences

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“…The studied start-ups have a slightly narrow view of business, and therefore Wei et al (2018) recommend to small nascent companies to make more use of business planning in order to reduce losses due to trials and errors and to increase the likelihood of nascence of highly innovative products. The start-ups surveyed would benefit if they broadcast networking signals (e.g., degrees from elite educational institutes, the breadth of an entrepreneurial team) and digital signals (e.g., the social media presence of the start-up on multiple social media sites) and so they gained access to venture capital financing (Nigam et al 2020).…”

Section: Internal Environmentmentioning

confidence: 99%

Strategic Background of the Start-Up—Qualitative Analysis

Slávik

Hudakova

Procházková

et al. 2022

Administrative Sciences

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A start-up is a relatively new and attractive entrepreneurial form that is being explored in a broader national economy and industry context. However, there is little knowledge about its strategy, which is mainly represented by the business development strategy. The main goal of the research is to deepen and expand knowledge about the strategic background of start-ups, which is preparation and condition for a development strategy and later a business strategy, too. The partial goals of the research are in-depth and detailed knowledge of the content and novelty of the business idea, the quality of the internal environment of the start-up, the nature of the external environment of the start-up, and the content of the goals. The research sample contains 147 start-ups operating in Slovakia. Each start-up was researched by a member of the research team, who personally recorded the statements of the founder. The research results are based on qualitative analysis and synthesis of statements of the founders of start-ups. The main result of the research is a summary view of the strategic background of the examined start-ups, which expresses the peculiarities of the start-up business making and documents the possibilities and motives of the start-up’s strategizing. The summary of knowledge about the strategic background of the start-up is synthesized into a strategic balance sheet, which expresses the strategic perspective of the start-up, the possibilities of survival, explains the potential failure, and provides a solution to the identified imbalance. The practical use of the results consists of providing a model of the strategic balance, which is the result of field research of real and functioning start-ups. The originality and value of the research lie in the direct collection of qualitative data, immediate knowledge of business reality, and the synthesis of results into a comprehensive and at the same time detailed picture of the strategic background of the start-up.

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Digital start-up access to venture capital financing: What signals quality?

Cited by 37 publications

References 135 publications

The Influence of Local Economic Conditions on Start-Ups and Local Open Innovation System

The Influence of Local Economic Conditions on Start-Ups and Local Open Innovation System

Socio-Economic Determinants Of Changes In The Regional Entrepreneurship Environment Development

Strategic Background of the Start-Up—Qualitative Analysis

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