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The evolution of entrepreneurs' fund-raising intentions : a multiple case study of financing processes in new ventures / by Marc Grunhagen.
- Format:
- Book
- Author/Creator:
- Grunhagen, Marc.
- Series:
- Entrepreneurship, 2627-2547
- Language:
- English
- Subjects (All):
- Fund raising.
- Entrepreneurship.
- Physical Description:
- 1 online resource (382 pages)
- Edition:
- 1st ed. 2008.
- Place of Publication:
- Wiesbaden : Gabler / GWV Fachverlage GmbH, Wiesbaden, 2008.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- 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.
- Notes:
- Description based upon print version of record.
- ISBN:
- 3-8349-9797-8
- OCLC:
- 828798638
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