Mapping Risks Faced by Startup Investors: An Approach Based on the Apriori Algorithm

Claudio Roberto Silva Júnior (), Julio Cezar Mairesse Siluk, Alvaro Luis Neuenfeldt-Júnior, Matheus Binotto Francescatto and Cláudia de Freitas Michelin
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Claudio Roberto Silva Júnior: Department of Production Engineering and Systems, Universidade Federal de Santa Maria, Santa Maria 97105-900, Brazil
Julio Cezar Mairesse Siluk: Department of Production Engineering and Systems, Universidade Federal de Santa Maria, Santa Maria 97105-900, Brazil
Alvaro Luis Neuenfeldt-Júnior: Department of Production Engineering and Systems, Universidade Federal de Santa Maria, Santa Maria 97105-900, Brazil
Matheus Binotto Francescatto: Department of Production Engineering and Systems, Universidade Federal de Santa Maria, Santa Maria 97105-900, Brazil
Cláudia de Freitas Michelin: Department of Accounting Sciences, Universidade Federal de Santa Maria, Santa Maria 97105-900, Brazil

Risks, 2023, vol. 11, issue 10, 1-19

Abstract: This article maps and verifies the dependence relation between risks faced by startup investors. Thus, a systematic review of 33 articles and a meta-analysis using the Apriori algorithm were used. We mapped 14 investment risks faced by startup investors, classifying them into four dimensions: external, internal, human, and capital. Furthermore, by using the Apriori algorithm, dependency relations between nine investment risks were observed. This research fills a gap related to the non-structuring of a holistic approach to the investment risks startup investors face. In addition, a comprehensive review of and a discussion about the relation between investment risks provides a theoretical foundation for startups’ investments based on analyzing the risks inherent to this activity.

Keywords: venture capital; investment; investor; startups; risk; apriori algorithm (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jrisks:v:11:y:2023:i:10:p:177-:d:1258797

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