Accéder directement au contenu Accéder directement à la navigation
Article dans une revue

Liftoff: when strong growth is predicted by angels and fuelled by professional venture funds

Abstract : The present research links knowledge about business angels’ individual cognitive and behavioral features and about their co-investment practice with professional venture funds in explaining differential rates of growth. We conducted a survey by questionnaire and were able to gather a unique dataset concerning the characteristics, investment practice and growth performance of a sample of 124 business angels having made a total of 222 investments in the south eastern region of France surrounding Grenoble. Our contribution to the literature is twofold: first, to our knowledge, the present study is the first systematic exploration of the investment practice of business angels in the French market for entrepreneurial finance, and thus helps extend our knowledge of angel investing beyond the limits of North America and the United Kingdom. Second, we make a specific contribution to a better understanding of the determinants of growth in ventures funded by business angels. It appears that especially strong growth rates are significantly supported when business angels and professional venture capitalists co-invest simultaneously due to a certain cognitive closeness.
Type de document :
Article dans une revue
Liste complète des métadonnées

https://hal-univ-lyon3.archives-ouvertes.fr/hal-01101551
Contributeur : Peter Wirtz <>
Soumis le : jeudi 8 janvier 2015 - 23:19:52
Dernière modification le : lundi 10 février 2020 - 12:17:10

Lien texte intégral

Identifiants

Collections

Citation

Christophe Bonnet, Peter Wirtz, Christophe Haon. Liftoff: when strong growth is predicted by angels and fuelled by professional venture funds. Revue de l'Entrepreneuriat, De Boeck Supérieur 2013, 12 (4), pp.59-78. ⟨10.3917/entre.124.0059⟩. ⟨hal-01101551⟩

Partager

Métriques

Consultations de la notice

265