Modeling new venture performance: an analysis of new venture strategy, industry structure, and venture origin
Article Abstract:
An evaluation of new venture companies in the information processing industry is presented. The interactive roles of strategy, industry structure and venture origin are evaluated to discern strategic decisions in new ventures. The study shows that no single strategy is dominantly effective. For example, successful high barrier industries initiate product and services innovations for market breakthroughs while low barrier ones utilize strong marketing strategies. New venture parentage is not seen as a factor to success.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1992
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Venture capitalists' decision criteria in new venture evaluation
Article Abstract:
An exploratory research project on the efficiency and effectiveness of venture capitalists' decision-making is evaluated in the initial stages of the decision process. Results show that consideration of both criteria and the decision process yields more reliable data than if based on criteria alone. The multistage, multicriteria, multiperson sampling made for a more realistic setting and data collection through verbal protocal analysis is found to be highly effective.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1993
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Splitting the firm between the entrepreneur and the venture capitalist with the help of stock options
Article Abstract:
The sharing of ownership of a business between an entrepreneur and venture capitalist is based mainly on the Net Present Value (NPV) rule. Difficulties arise when the value of the company cannot be agreed upon because of the expectation gap and the motivation problem. Stock options can be used to deal with these problems by manipulating incentives and providing a compromise between the expectations of the entreprenuer and the capitalist.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1993
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