Why Do Entrepreneurs Refuse Venture Capital?
Abstract
Despite the scientific evidence on the positive effect of venture capital (VC) on portfolio firm performance, such evidence badly pulls up alongside the non-negligible number of entrepreneurial firms that receive an offer by a VC fund and choose to refuse it. We investigate the microeconomic determinants behind the missed realizations of VC investor-investee dyads by focusing on the Italian VC market, that represents an ideal test bed for our...
Paper Details
Title
Why Do Entrepreneurs Refuse Venture Capital?
Published Date
Jan 1, 2016
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