Establishing a Network among Entrepreneurs, Angle Investors and Venture Capital Firms, Structure and Importance of This Network

Suleyman Gokhan Gunay () and Ahmet Basalp ()
Additional contact information
Suleyman Gokhan Gunay: Trakya University
Ahmet Basalp: Erciyes Technopark

Business and Economics Research Journal, 2011, vol. 2, issue 2, 153

Abstract: SMEs that operate in information technology (IT) sector need venture capital besides conventional financial techniques (capital, loans, etc.). Venture capitalists can be categorized into two groups as personal and institutional venture capitalists. Those who are individual venture capitalists are called angel investors. Institutional ones are called venture capital firms. When we look at the world, we come across to networks that gather angel investors and venture capital firms with entrepreneurs. Development of IT sector, which is very important in the development of our country, is closely related with the establishment of similar networks. In this study, in-depth interviews are conducted with the managers and/or owners of thirty SMEs in Erciyes Technopark. This descriptive research determines how these networks can be established the role of technoparks in these networks, contribution of angle investors and venture capital firms to this type of network, and shows how entrepreneurs perceive these types of networks. Establishing a network is expected to provide cooperative behaviors, innovation and information flows. Corporations, technoparks and universities are considered to act as an intermediary in a virtual environment in order to establish this type of network.

Keywords: Venture capital; Angle investors; Network; New economy; Technoparks (search for similar items in EconPapers)
JEL-codes: M13 M21 O31 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.berjournal.com/?p=1060 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0047

Access Statistics for this article

Business and Economics Research Journal is currently edited by Adem Anbar

More articles in Business and Economics Research Journal from Uludag University, Faculty of Economics and Administrative Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Adem Anbar ().