The Library
How does VC feedback affect start-ups?
Tools
Tools
Tools
Chugh, Harveen, Nicolaou, Nicos and Barnes, Simon (2011) How does VC feedback affect start-ups? Venture Capital, Volume 13 (Number 3). pp. 243-265. doi:10.1080/13691066.2011.600285
Research output not available from this repository, contact author.
Official URL: http://dx.doi.org/10.1080/13691066.2011.600285
Abstract
This study examines how venture capital (VC) feedback affects start-ups through a three-year qualitative study of university spin-offs. We present a taxonomy of VC feedback into (i) inconsistent, (ii) consistent and workable, and (iii) consistent and unworkable feedback. We find that when start-ups fail to raise VC, inconsistent VC feedback leads to a greater escalation of commitment than consistent and workable VC feedback. We show that single-loop learning mediates the relationship between VC feedback and escalation of commitment. We find that consistent and unworkable VC feedback increases the likelihood of a firm's exit, and that inhibited double-loop learning mediates the relationship between VC feedback and an exit.
| Item Type: | Journal Article | ||||||
|---|---|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
||||||
| Journal or Publication Title: | Venture Capital | ||||||
| Publisher: | Routledge | ||||||
| ISSN: | 1369-1066 | ||||||
| Official Date: | 17 October 2011 | ||||||
| Dates: |
|
||||||
| Volume: | Volume 13 | ||||||
| Number: | Number 3 | ||||||
| Number of Pages: | 22 | ||||||
| Page Range: | pp. 243-265 | ||||||
| DOI: | 10.1080/13691066.2011.600285 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access |
Request changes or add full text files to a record
Repository staff actions (login required)
 |
View Item |
