Abstract
This chapter covers Study I. Study I is a quantitative survey-based assessment of 903 German startups that seeks to highlight factors that distinguish high-tech ventures from other startups—primarily on a business model and financing level. This is necessary to test three hypotheses: (1) Whether the neoclassical notion of interest rate equilibrium and the diminishing effect of information asymmetries is valid (H1: Startups require more time to acquire external venture funding when their product is highly complex). (2) If there are differences in financing structures pertaining to investor classes (H2: When high-tech startups raise capital, they raise it from different investors than non-high-tech startups). And (3) what differences exist between the financing of startups by venture capital firms (H3: High-tech startups receive less traditional venture capital financing than non-high-tech startups).
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The affiliation of the Humboldt Institute for Internet and Society with the German Startups Association—the contracting entity behind the DSM—allowed me to make this happen.
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Tech, R.P.G. (2018). Study I: Survey of German Startups. In: Financing High-Tech Startups. Springer, Cham. https://doi.org/10.1007/978-3-319-66155-1_4
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DOI: https://doi.org/10.1007/978-3-319-66155-1_4
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