Learning patterns in venture capital investing in new industries
December 14, 2012 Editor 0
Using an organizational learning perspective, we link the decision by venture capital (VC) firms to invest early in a new high-technology industry to three experiential learning mechanisms: the familiarity associated with accumulation of early funding decisions, the shaping or imprinting effect of the firm’s very first such decision, and the decay or “forgetting” associated with the dormancy of prior such decisions. We find support for these learning patterns using data on the investments made by US VC firms between 1962 and 2004.
- Angel or Devil: Who’s Really Investing In Your Start-Up?
- Leadership succession and firm performance in an emerging economy: Successor origin, relational embeddedness, and legitimacy
- Innovation and Venture Capital Policy in Brazil and South Africa
- Strategic analysis of knowledge firms: the links between knowledge management and leadership
- Customer Integration in B2B Open Innovation
- How new multinational businesses can transform poverty–and be profitable
Subscribe to our stories
- Can Africa’s tech start-up scene rise to the next level? November 20, 2017
- Chocolate innovation: Sweet tooth hackers solve cocoa farmers’ challenges November 20, 2017
- A new generation of CEOs: Running a business in West Africa as a woman November 20, 2017
- Is crowdfunding the silver bullet to expanding innovation in the developing world? November 20, 2017
- Towards building an Entrepreneurship Ecosystem- Global Entrepreneurship Week and Freetown Pitch Night-The Role and Significance of the Freetown Pitch Night November 20, 2017