Publication Cover
Venture Capital
An International Journal of Entrepreneurial Finance
Volume 13, 2011 - Issue 2
634
Views
15
CrossRef citations to date
0
Altmetric
Articles

Early stage venture capital investing: comparing California and Scandinavia

Pages 119-145 | Accepted 11 Jan 2011, Published online: 20 Jul 2011

References

  • Ahlstrom , D. and Bruton , G. 2006 . Venture capital in emerging markets: Networks and institutional change . Entrepreneurship Theory & Practice , 30 : 299 – 320 .
  • Anderson , P. 1999 . “ Venture capital dynamics and the creation of variation through entrepreneurship ” . In Variations in organization science: In honor of Donald T. Campbell , Edited by: Baum , J. A.C. and McKelvey , B. 137 – 153 . Thousand Oaks , CA : Sage .
  • Baum , J. and Silverman , B. 2004 . Picking winners or building them? Alliances, patents, and human capital as selection criteria in venture financing of biotechnology startups . Journal of Business Venturing , 19 : 411 – 436 .
  • Berg , B. 2001 . Qualitative research methods for the social sciences , Boston : Allyn and Bacon .
  • Berglund , H. 2007 . Opportunities as existing and created: A study of entrepreneurs in the Swedish mobile internet industry . Journal of Enterprising Culture , 15 ( 3 ) : 243 – 273 .
  • Berglund , H. , Hellström , T. and Sjölander , S. 2007 . Entrepreneurial learning and the role of venture capitalists . Venture Capital , 9 ( 3 ) : 165 – 181 .
  • Bresnahan , T. and Gambardella , A. 2004 . Building high-tech clusters: Silicon Valley and beyond , Cambridge : Cambridge University Press .
  • Bresnahan , T. , Gambardella , A. and Saxenian , A. 2001 . Old economy inputs for new economy outcomes: Cluster formation in the New Silicon Valleys . Industrial and Corporate Change , 10 ( 4 ) : 835 – 860 .
  • Bruton , G. and Ahlstrom , D. 2003 . An institutional view of China's venture capital industry: Explaining the differences between China and the West . Journal of Business Venturing , 18 : 233 – 259 .
  • Bruton , G. , Fried , V. and Manigart , S. 2005 . Institutional influences on the worldwide expansion of venture capital . Entrepreneurship Theory & Practice , 29 : 737 – 760 .
  • Bryman , M. , Cederberg , P. , Ekstrom , M. and Bjornsson , H. 2003 . Activities performed by venture capitalists in their portfolio companies – a comparison between Silicon Valley and Sweden . International Journal of Entrepreneurship and Innovation Management , 3 ( 5–6 ) : 585 – 608 .
  • Busenitz , L. , Moesel , D. and Fiet , J. 2004 . Reconsidering the venture capitalists' ‘value added’ proposition: An interorganizational learning perspective . Journal of Business Venturing , 19 : 787 – 807 .
  • Campbell , D. 1965 . “ Variation and selective retention in socio-cultural evolution ” . In Social change in developing areas: A reinterpretation of evolutionary theory , Edited by: Barringer , H. R. , Blanksten , G. I. and Mack , R. W. 19 – 49 . Cambridge , MA : Schenkman .
  • Chen , H. , Gompers , P. , Kovner , A. and Lerner , J. Buy local? The geography of successful and unsuccessful venture capital expansion . Harvard Business School Working Paper 09-143 . http://www.hbs.edu/research/pdf/09–143.pdf (accessed February 16, 2011)
  • Cumming , D. , Schmidt , D. and Walz , U. 2010 . Legality and venture capital governance around the world . Journal of Business Venturing , 25 ( 1 ) : 54 – 72 .
  • De Clercq , D. and Manigart , S. 2007 . “ The venture capital post-investment phase: Opening the black box of involvement ” . In Handbook of research on venture capital , Edited by: Landström , H. 193 – 218 . Cheltenham : Edward Elgar .
  • Di Maggio , P. and Powell , W. 1983 . The iron cage revisited: Institutional isomorphism andcollective rationality in organizational fields . American Sociological Review , 48 ( 2 ) : 147 – 160 .
  • Dimov , D. and Shepherd , D. 2005 . Human capital theory and venture capital firms: Exploring ‘home runs’ and ‘strike outs’ . Journal of Business Venturing , 20 ( 1 ) : 1 – 21 .
  • Florida , R. and Tinagli , I. 2004 . Europe in the creative age , London : Demos .
  • Fredriksen , Ø. , Olofsson , C. and Wahlbin , C. 1997 . Are venture capitalists firefighters: A study of the influence and impact of venture capital firms . Technovation , 17 ( 9 ) : 503 – 511 .
  • Fried , V. H. and Hisrich , R. D. 1994 . Toward a model of venture capital investment decision making . Financial Management , 23 ( 3 ) : 28 – 37 .
  • Fried , V. H. and Hisrich , R. D. 1995 . The venture capitalist: A relationship investor . California Management Review , 37 ( 2 ) : 101 – 113 .
  • Giorgi , A. 1985 . Phenomenology and psychological research , Pittsburgh : Duquesne University Press .
  • Global Insight . 2004 . Venture impact 2004: Venture capital benefits to the US economy , Arlington , VA : National Venture Capital Association .
  • Gomez-Mejia , L. R. , Balkin , D. B. and Welbourne , T. M. 1990 . Influence on venture capitalists on high tech management . Journal of High Technology Management Research , 1 : 103 – 118 .
  • Gompers , P. and Lerner , J. 1999 . The venture capital cycle , Cambridge : MIT Press .
  • Hall , J. and Hofer , C. W. 1993 . Venture capitalists' decision criteria in new venture evaluation . Journal of Business Venturing , 8 ( 1 ) : 25 – 41 .
  • Hellmann , T. 2000 . “ Venture capitalists: The coaches of Silicon Valley ” . In The Silicon Valley edge , Edited by: Lee , C. , Miller , W. , Hancock , M. and Rowen , H. 276 – 294 . Stanford : Stanford University Press .
  • Hellmann , T. and Puri , M. 2002 . Venture capital and the professionalization of start-ups: Empirical evidence . Journal of Finance , 57 ( 1 ) : 169 – 197 .
  • Hofstede , G. 1980 . Culture's consequences: International differences in work-related values , Newbury Park , CA : Sage .
  • Isaksson , A. 1999 . Effekter av venture capital i Sverige. NUTEK B 1999:3
  • Kortum , S. and Lerner , J. 2000 . Assessing the contribution of venture capital to innovation . RAND Journal of Economics , 31 : 674 – 692 .
  • Kvale , S. 1996 . InterViews: An introduction to qualitative research interviewing , London : Sage .
  • Landström , H. 2007 . “ Pioneers in venture capital research ” . In Handbook of research on venture capital , Edited by: Landström , H. 3 – 65 . Cheltenham : Edward Elgar .
  • MacMillan , I. C. , Kulow , D. M. and Khoylian , R. 1989 . Venture capitalists' involvement in their investments: Extent and performance . Journal of Business Venturing , 4 : 27 – 47 .
  • Manigart , S. 1994 . The founding rate of venture capital firms in three European countries (1970–1990) . Journal of Business Venturing , 9 ( 6 ) : 525 – 541 .
  • Mason , C. 2007 . “ Venture capital: A geographical perspective ” . In Handbook of research on venture capital , Edited by: Landström , H. 86 – 112 . Cheltenham : Edward Elgar .
  • Ray , D. 1991 . Venture capital and entrepreneurial developments in Singapore . International Small Business Journal , 10 ( 1 ) : 11 – 26 .
  • Sapienza , H. J. 1992 . When do venture capitalists add value? . Journal of Business Venturing , 7 : 9 – 27 .
  • Sapienza , H. , Amason , A. and Manigart , S. 1994 . The level and nature of venture capitalist involvement in their portfolio companies: A study of three European countries . Managerial Finance , 20 ( 1 ) : 3 – 17 .
  • Sapienza , H. , Manigart , S. and Vermeir , W. 1996 . Venture capitalist governance and value added in four countries . Journal of Business Venturing , 11 ( 1 ) : 439 – 469 .
  • Sapienza , H. and Villanueva , J. 2007 . “ Conceptual and theoretical reflections on venture capital research ” . In Handbook of research on venture capital , Edited by: Landström , H. 66 – 85 . Cheltenham : Edward Elgar .
  • Sarasvathy , S. 2001 . Causation and effectuation: Towards a theoretical shift from economic inevitability to entrepreneurial contingency . Academy of Management Review , 26 ( 2 ) : 243 – 288 .
  • Scott , R. 1995 . Institutions and organizations: Ideas and interests , Thousand Oaks , CA : Sage .
  • Sjögren , H. and Zackrisson , M. 2005 . The search for competent capital: Financing of high technology small firms in Sweden and USA . Venture Capital , 7 ( 1 ) : 75 – 97 .
  • Stinchcombe , A. L. 1965 . “ Social structure and organizations ” . In Handbook of organizations , Edited by: March , J. G. 142 – 193 . Chicago : Rand McNally .
  • Thomke , S. 2003 . Experimentation matters: Unlocking the potential of new technologies for innovation , Boston , MA : Harvard Business School Publishing .
  • Tyebjee , T. and Bruno , A. 1984 . A model of venture capitalist investment activity . Management Science , 30 ( 9 ) : 305 – 22 .
  • Wright , M. , Lockett , A. , Pruthi , S. , Manigart , S. , Sapienza , H. , Desbrieres , P. and Hommel , U. 2004 . Venture capital investors, capital markets, valuation and information: US, Europe and Asia . Journal of International Entrepreneurship , 2 ( 4 ) : 305 – 326 .
  • Wright , M. , Pruthi , S. and Lockett , A. 2005 . International venture capital research: From cross country comparisons to crossing countries . International Journal of Management Reviews , 7 ( 3 ) : 135 – 166 .
  • Yin , R. 2009 . Case study research: Design and methods , 4th ed , Thousand Oaks , CA : Sage .
  • Zacharakis , A. and Shepherd , D. 2001 . The nature of information and overconfidence on venture capitalists' decision making . Journal of Business Venturing , 16 ( 4 ) : 311 – 332 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.