(Download) "Signaling in Venture Capitalist--New Venture Team Funding Decisions: Does It Indicate Long-Term Venture Outcomes?" by Entrepreneurship: Theory and Practice # eBook PDF Kindle ePub Free
eBook details
- Title: Signaling in Venture Capitalist--New Venture Team Funding Decisions: Does It Indicate Long-Term Venture Outcomes?
- Author : Entrepreneurship: Theory and Practice
- Release Date : January 01, 2005
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 295 KB
Description
According to signaling theory, new venture teams (NVTs) can communicate to venture capitalists and other potential investors both a "value" signal and a "commitment" signal, based on the level of personal investment in a venture. Venture capitalists (VCs) typically want to know if a NVT is really committed to a venture and if its members truly believe that a venture has wealth creating potential. Team members can convey signals via their investment behavior. We test our hypotheses based on a sample of 183 VC-backed ventures that we tracked over a ten-year time period. These data indicate that the signals sent to VCs in the early stages of the funding process do not appear to have any significant relationship with long-term venture outcomes. We explore possible explanations for these findings, as well as their implications for signaling theory and future research. Introduction
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