Fragmentation in the Market for Venture Capital

James O. Fiet

Entrepreneurship Theory and Practice, 1997, vol. 21, issue 2, 5-20

Abstract: This study examines two types of venture capital networks — those among angels and those among venture capital firms (VCFs) — to determine if they could contribute to the fragmentation of the market for venture capital. If it were not fragmented, entrepreneurs would have very limited opportunities to present their deals to more than one source for funding. This study found evidence to support some market fragmentation, which was based on the reliability of the informants utilized by each network. Market fragmentation creates opportunities for entrepreneurs to tap at least two separate sources of funding.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/104225879602100201 (text/html)

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:sae:entthe:v:21:y:1997:i:2:p:5-20

DOI: 10.1177/104225879602100201

Access Statistics for this article

More articles in Entrepreneurship Theory and Practice
Bibliographic data for series maintained by SAGE Publications ().