Gaps in Academic Literature on Venture Capitalists' Decision-Making on Funding for Early-Stage, High-Tech Ventures

Lutz Alexander Brusche
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Lutz Alexander Brusche: University of Leeds, Maurice Keyworth Building, Moorland Rd, Leeds, UK

Technology Transfer and Entrepreneurship, 2016, vol. 3, issue 2, 82-89

Abstract: Recognizing venture capital as a crucial source of funds for life science start-ups, this review paper focuses on the academic literature on venture capitalists’ decision-making process on granting funding to early-stage, high-tech ventures. This review identified the following three issues: First, despite three dominant factors in venture capitalists’ decision-making process, which are identified to be the human, technological and financial aspects of the potential start-up, a great variety of further factors exists and generalization to a great extent is difficult. Secondly, little research has been conducted in Europe and little research employed inductive, qualitative methods. Thirdly, the latest study focusing on a ranking of the importance of decision-making factors for venture capitalists lies 29 years in the past and has been conducted with a North-American sample, leaving a gap for future research in Europe.

Keywords: Decision-making; Early stage venture capital; High-tech entrepreneurs; High-tech firms; Life sciences; Venture capital (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ben:ttebsp:v:3:y:2016:i:2:p:82-89

DOI: 10.2174/2213809903666160519141616

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