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High-tech Venture Capitalist’ Investment Criteria for early- and late-stage ventures in the Origination Phase of the Investment Process

Lupulescu, Marius-Adrian (2021) High-tech Venture Capitalist’ Investment Criteria for early- and late-stage ventures in the Origination Phase of the Investment Process.

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Abstract:Venture capitalists (VCs) use investment criteria to evaluate and assess venture proposals received from a multitude of entrepreneurs who are looking for venture capital funding. This study focuses on the importance of the investment criteria that VCs use. The objective of this research is to get qualitative information about the way VCs evaluate venture proposals, what are the most commonly used investment criteria used in literature, how important these investment criteria are compared to one another, and the differences or similarities in the importance of investment criteria for ventures in the early-stages of their life-cycle as opposed to ventures in the late-stages. The primary differentiation between early- and late-stages is the presence of a market-tested product or service with a loyal customer base. In order to get concrete results, this research considers the following research variables: - The industry focus of the VC fund - The ownership of the VC fund - The phase in the investment process - The stage of the venture This research focuses on high-tech VCs in the Netherlands that invest in both early-stage and late-stage-ventures. The ownerships of studied VCs are the independent funds, bank-affiliated funds and government-backed funds, as their main common goal is to get high returns on investment. Last but not least, this study focuses on the origination phase, which is the earliest one in the investment process.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Industrial Engineering and Management BSc (56994)
Link to this item:http://purl.utwente.nl/essays/87916
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