Startups’ demand for non-financial resources: Descriptive evidence from an international corporate venture capitalist

Jan Riepe and Kristina Uhl

Finance Research Letters, 2020, vol. 36, issue C

Abstract: Using proprietary data from Europe and Latin America, we show how startup characteristics shape their demand for non-financial resources from their corporate venture capitalists. We first highlight the investors’ commercial network, investors’ ties to other investors and their contacts to retail clients as the most important non-financial resources for early-stage startups. Second, we uncover systematic differences in startups’ demand for non-financial resources depending on startups’ slack financial resources, their business model, and size. Overall, we provide direct evidence on startups’ demand for non-financial resources which is hard to detect and to quantify for researchers based on public data.

Keywords: Corporate venture capital; Financial constraints; Non-financial resources; Startup characteristics (search for similar items in EconPapers)
JEL-codes: G23 G24 L26 O16 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:36:y:2020:i:c:s1544612319301916

DOI: 10.1016/j.frl.2019.101321

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