Shared mental models: a new approach to understanding entrepreneurs’ and investors’ representations

Elodie Maureau and Caroline Tarillon

Venture Capital, 2024, vol. 26, issue 2, 219-246

Abstract: The literature on venture-capital investment and entrepreneurship has demonstrated the important role played by mental representations in the entrepreneur – investor relationship. This research draws on shared mental model (SMM) theory to structure a comparative analysis of investor and entrepreneur representations regarding success and the factors that influence it. Through 16 interviews conducted with four entrepreneur – investor pairs, we highlight the need to study representations in greater depth in order to identify potential misalignments. We demonstrate the relevance of SMMs and the use of cognitive maps in capturing and comparing actors’ representations through multi-level and multi-approach analysis.

Date: 2024
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DOI: 10.1080/13691066.2023.2254002

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