A Synthesis of Six Exploratory, European Case Studies of Successfully Exited, Venture Capital-Financed, New Technology-Based Firms

Gordon Murray

Entrepreneurship Theory and Practice, 1996, vol. 20, issue 4, 41-60

Abstract: This research presents the summary findings on six case studies of successful, venture capital investments in new technology-based firms in four European countries. In all cases, the enterprises had been financed by specialist, early-stage, and technology-focused venture funds which had exited the investments at a significant economic return. The exceptional competence and track records of the founder managers, and their defensible product position in growing markets, each appeared to be a common feature across the individual case studies. The paper also questions the unitary nature of the entrepreneurial process, arguing for entrepreneurial resources to be seen as an eclectically sourced stock.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:20:y:1996:i:4:p:41-60

DOI: 10.1177/104225879602000404

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