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
Date Written: June 1, 2005
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
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