Entrerpreneurial Success: Differing Perceptions of Entrepreneurs and Venture Capitalists

International Journal of Entrepreneurship & Innovation, Vol. 11, No. 3, pp. 189-198, 2010

30 Pages Posted: 6 Jun 2005 Last revised: 28 Sep 2013

See all articles by Ervin L. Black

Ervin L. Black

Steed School of Accounting

F. Greg Burton

Brigham Young University - School of Accountancy

David A. Wood

Brigham Young University - School of Accountancy

Aaron F. Zimbelman

University of South Carolina

Date Written: June 1, 2005

Abstract

The recent credit crisis has made it more difficult for entrepreneurs to find funding. It is increasingly important for entrepreneurs to know what is important to venture capitalists (VCs) when they make their funding decisions. We interview entrepreneurs and VCs to determine traits these groups perceive as necessary for entrepreneurial success. We find that entrepreneurs cite traits inherent to their nature significantly more than VCs. Additionally, entrepreneurs who do not have previous VC funding experience differ significantly from VCs in identifying important factors for VC funding. In contrast, entrepreneurs with previous VC funding experience did not differ from VCs in identifying important funding-decision factors.

Keywords: Entrepreneurial success, venture capital funding, traits for success

JEL Classification: M13, G24

Suggested Citation

Black, Ervin L. and Burton, Fielding Greg and Wood, David A. and Zimbelman, Aaron F., Entrerpreneurial Success: Differing Perceptions of Entrepreneurs and Venture Capitalists (June 1, 2005). International Journal of Entrepreneurship & Innovation, Vol. 11, No. 3, pp. 189-198, 2010. Available at SSRN: https://ssrn.com/abstract=735563

Ervin L. Black (Contact Author)

Steed School of Accounting ( email )

307 W Brooks
Norman, OK 73019
United States
405-325-2401 (Phone)

Fielding Greg Burton

Brigham Young University - School of Accountancy ( email )

Provo, UT 84602
United States

David A. Wood

Brigham Young University - School of Accountancy ( email )

518 TNRB
Brigham Young University
Provo, UT 84602
United States
801-422-8642 (Phone)
801-422-0621 (Fax)

HOME PAGE: http://marriottschool.byu.edu/employee/employee.cfm?emp=daw44

Aaron F. Zimbelman

University of South Carolina ( email )

Darla Moore School of Business
1014 Greene Street
Columbia, SC 29208
United States

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