Access to early-stage equity financing is vital to the growth of high-potential new ventures.
To understand how entrepreneurs obtain external financing, researchers have studied the …

Purpose This study aims to analyze the effect of entrepreneurs' improvisational behavior on
business risk-taking and opportunity recognition, as well as to analyze its subsequent impact …

This paper sheds light over the operations and internal structure of business angel groups
(BAGs), a leading actor inside the informal venture capital industry, due to its capability to …

Despite the increasing importance of business angels (BAs) as crucial players in the growth
of high-potential early-stage startups, their motivations are not fully understood. Many of the …

This study investigates whether the individual attributes and investment approaches of
business angels (BAs) affect the growth of funded companies by distinguishing between two …

In this study, we examine business angels (BAs)'appetite for investing abroad and the role
played by investment and entrepreneurial experience. To investigate BAs' propensity to …

This paper examines the impact of perceived innovativeness on the success of equity
crowdfunding campaigns. Building on the investor perspective, we hypothesize a positive …

Experienced founders and investors are arguably the venture community members most
likely to possess needed financial and social resources for startups. We present a model of …

Heuristics (shortcut solution rules) can help adaptation to uncertainty by leading to
sufficiently accurate decisions with little information. However, heuristics would fail under …

This paper addresses the question of how the informal learning processes of angel investors
shape the way in which they assess new investment opportunities. Previous research has …