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Financing High-Tech Startups

Using Productive Signaling to Efficiently Overcome the Liability of Complexity

  • Robin P. G. Tech

Table of contents

  1. Front Matter
    Pages i-xix
  2. Robin P. G. Tech
    Pages 1-28
  3. Robin P. G. Tech
    Pages 29-77
  4. Robin P. G. Tech
    Pages 79-87
  5. Robin P. G. Tech
    Pages 89-97
  6. Robin P. G. Tech
    Pages 199-200
  7. Robin P. G. Tech
    Pages 201-206

About this book

Introduction

This book examines the adverse effects of complexity, information asymmetries, transaction costs, and uncertainty on investors’ decision making. It suggests mitigating those effects using appropriate and matching signals, and analyzes a sample of 903 German startups to quantitatively highlight the distinct financing patterns and characteristics of high-tech startups. It then investigates the reasons for these patterns on the basis of a qualitative study that includes 34 interviews with investors and entrepreneurs in the US and Germany and an international expert panel. Lastly, it presents a framework that matches complexity factors with appropriate productive signals. 
 


Keywords

Venture Capital Mixed Methods Investors Transactions Costs Early Stage Productive Signaling Liability of Complexity

Authors and affiliations

  • Robin P. G. Tech
    • 1
  1. 1.Alexander von Humboldt Institute for Internet and SocietyBerlinGermany

Bibliographic information

Industry Sectors
Biotechnology
Finance, Business & Banking
Aerospace