Does startup experience matter? Venture capital selection criteria among Israeli entrepreneurs

Falik, Yakir; Lahti, Tom; Keinonen, Henrik

doi:10.1080/13691066.2016.1164109

Cited by 24 publications

(10 citation statements)

References 52 publications

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“…Finally, the entrepreneurial team has been studied. Startups survive when they have large and diverse (Baptista et al, 2014), heterogeneous (Fontana et al, 2016), complementary (Colombo and Grilli, 2005) and highly technical teams (Falik et al, 2016).…”

Section: Survival Of Startups Firmsmentioning

confidence: 99%

Organizational resources and survival of startups firms – a qualitative analysis in the Peruvian context

Alvarez-Salazar

2020

ARLA

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PurposeThe purpose of this paper is to use a combination of resource-based theory and dynamic capabilities theory to explore the phenomenon of startup survival in an emerging entrepreneurial ecosystem.Design/methodology/approachThe study has a phenomenological research design, with an exploratory scope and qualitative approach. It uses in-depth interviews to identify the perceptions of ecosystem agents about the phenomenon of survival.FindingsThis paper argues that startup survival should be studied as a construct that is reflected by four conditions: break-even point, accelerated growth, cash stock and continuous operation. Furthermore, it is formed by the interaction of five mainly interacting resources: human capital, social capital, entrepreneurial capital, organizational capital and the incubation process.Originality/valueThe study offers a holistic model of survival that could be applicable to incipient entrepreneurial ecosystems such as the Peruvian one. This model presents survival as a reflexive-formative construct and not as a dichotomic variable (enterprise operating/enterprise closed) as has been commonly considered in the literature.

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Section: Survival Of Startups Firmsmentioning

confidence: 99%

Organizational resources and survival of startups firms – a qualitative analysis in the Peruvian context

Alvarez-Salazar

2020

ARLA

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“…A perspective agency relationship is a basis used to understand the relationship between managers and shareholders. Falik et al, 2016 argued that the agency relationship is a contract between the manager (agent) to the shareholders (principal). The agency relationships sometimes cause problems between managers and shareholders.…”

Section: Relations With the Internal Control Agency Theorymentioning

confidence: 99%

“…Agency theory according to Falik et al, 2016 is "a contract under one or more of which involve the agent to perform some service for them by delegating authority make decision to agent," for better or agent assumed the rational economic and exclusively -the eye motivated by personal interests. Delegate decisions about the company to the manager or agent.…”

Section: Standards Agency Relations Theory With the Operational Proceduresmentioning

confidence: 99%

Determinats of Fraud Prevention and Financial Performance as an Intervening Variable

Hendri

Yuliantoro²,

Ama³

2020

IJEFI

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The purpose of this study was to analyze the role of financial performance in mediating the effects of the performance of human resources (HRs), internal controls, standard operating procedures (SOPs) and organizational culture to the prevention of fraud. The population of this study is 58 unit school and all schools and power finance unit manager Tarakanita School unit in Indonesia amounting to 202 people. The sampling method using a purposive sampling method. Data were processed amounting to 142 data with the data a processing method using the smart PLS. Hypothesis testing results showed that the quality of HRs and a significant positive effect on financial performance. Internal controls and a significant positive effect on financial performance. SOP positive and significant impact on financial performance. Organizational culture positive and significant impact on the financial performance ko. Financial performance and significant positive effect on the prevention of fraud. The quality of HRs and a significant positive effect on the prevention of fraud. Internal controls and a significant positive effect on the prevention of fraud. Standard operating prprocedures positive and significant effect on the prevention of fraud. The organizational culture had no effect on the prevention of fraud. The results of the analysis of mediating variables using the Sobel test found that financial performance is able to mediate the effect of the quality of HRs, internal controls, SOPs and organizational culture to the prevention of fraud.

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“…Nuscheler (2016) aims to solve existing unclearness on signals to attract venture capitalists and proposes a round-specific model, also accounting for moderating effects from repeat investors by using logit model on Crunchbase data. Falik et al (2016) investigated the impact of startup experience on entrepreneurs' trade-offs between criteria related to resources or to the conditions of the deal.…”

Section: Selected Performance Indicators For Funding: a Literature Reviewmentioning

confidence: 99%

“…We can say these findings give rise to a thought for some kind of equal opportunity in investment decision phase. Business network has emerged as an important issue in open-ended questions, in accordance with Miloud et al (2012) and Falik et al (2016). The relationship between the founders, their dedication and vision, founder's capability on marketing and sales, and regulations were also emphasized.…”

Section: Owner / Founder Characteristicsmentioning

confidence: 99%

A qualitative research on selected performance indicators for investment decision process: a framework for fintech startups in Turkey

Fayda¹,

Sencan²,

Aksoy³

et al. 2020

Pressacademia

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Purpose-The purpose of this study is to help investors in their decision-making process in funding Financial Technology (FinTech) Startups by developing a framework of key performance indicators for effective financial resource allocation. A better understanding of investors' point of view for FinTech Startups is also targeted. Methodology-The study is conducted as structured face-to-face interviews with a sample of four angel investors and four venture capitals. In the interviews, selected indicators from the literature and finance industry experts' declarations were presented in four groups: Firm, Owner/Founder, Financial or Marketing/Procurement Characteristics. It was asked whether these indicators were used in the decisionmaking process or were there extra indicators not listed here. Findings-The widely accepted indicators were found shareholder structure, experience of major decision makers, increase in net sales, existence and amount of VC or other funding, number of clients, serving to consumers or businesses and expected developments in the startup's sector. Conclusion-Results of this study may help investors in their decision-making process in funding FinTech Startups FinTech startups are also targeted to have a better understanding of investors' point of view. This study contributes to the common understanding on investment dynamics in Turkish FinTech ecosystem, which is expected to have a major role in FinTech industry.

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Does startup experience matter? Venture capital selection criteria among Israeli entrepreneurs

Cited by 24 publications

References 52 publications

Organizational resources and survival of startups firms – a qualitative analysis in the Peruvian context

Organizational resources and survival of startups firms – a qualitative analysis in the Peruvian context

Determinats of Fraud Prevention and Financial Performance as an Intervening Variable

A qualitative research on selected performance indicators for investment decision process: a framework for fintech startups in Turkey

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