ABSTRACT
The needs of tech startups for finance over the lifecycle vary from stage to stage. At the same time, the ability of a startup to obtain the required amounts of finance at different stages of its lifecycle will depend both on internal factors, and on accessible sources of finance. This study investigates the factors which enable a tech startup to obtain finance over its lifecycle based on data gathered through a semi-structured questionnaire and in-depth interviews with the founders/CEOs of 93 tech startups in Bangalore. Our results indicate that the total amount of finance a tech startup raises is significantly influenced both by the characteristics of an entrepreneur, and the growth metrics of the tech startup. Furthermore, our findings suggest that the type of financial sources influences the total quantum of finance a startup obtains at a particular stage in its lifecycle.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Data availability statement
The data are not publicly available due to privacy or ethical restrictions.