The Evolution of Entrepreneurs’ Fund-Raising Intentions : A Multiple Case Study of Financing Processes in New Ventures /
By: Grünhagen, Marc [author.].
Contributor(s): SpringerLink (Online service).
Material type: BookPublisher: Wiesbaden : Gabler, 2008.Description: XV, 368 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783834997975.Subject(s): Business | Management | Industrial management | Finance | Business and Management | Innovation/Technology Management | Finance, generalDDC classification: 658.514 Online resources: Click here to access onlineItem type | Current location | Call number | Status | Date due | Barcode | Item holds |
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E books | PK Kelkar Library, IIT Kanpur | Available | EBK7292 |
Outline of problem and overview -- Epistemological concept: entrepreneurs as human agents -- New ventures: definition, financing needs, and legitimacy -- Financiers’ legitimacy demands and the evolution of entrepreneurs’ fund-raising intentions -- Multiple case studies of fund-raising processes in new ventures -- Conclusions and implications for research and practice.
Acquiring the necessary funding from discerning investors and lenders is regarded as a notorious problem for new ventures in Germany. Entrepreneurs’ deciding to adjust capital requirements or terminate the fund-raising struggle altogether affect the sustainable growth of new ventures. Yet, entrepreneurship research knows relatively little about the actual course of entrepreneurs’ fund-raising attempts during the start-up process. Marc Grünhagen examines the evolution of fund-raising struggles in eleven in-depth case studies of seed and early stage ventures. In particular, the book zooms in on potential influence factors triggering changes in entrepreneurs’ fund-raising intentions over time. The empirical analysis offers a novel model of task-specific entrepreneurial intentions and their cognitive antecedents in the context of investors’ demands for new venture legitimacy. The findings suggest two core recommendations for supporting growth-oriented fund-raising processes: a) to build legitimizing potential and b) to ensure sufficient financial scope for flexible adaptations throughout the financing struggle.
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