252
Views
8
CrossRef citations to date
0
Altmetric
Pages 208-228 | Published online: 11 Nov 2019

References

  • Admati, A. R., and P. Pfleiderer (1994). “Robust Financial Contracting and the Role of Venture Capitalists,” Journal of Finance 49(2), 371–403.
  • Amis, D., and H. Stevenson (2001). Winning Angels: The Seven Fundamentals of Early Stage Investing. London, UK: Pearson Education.
  • Angel Capital Education Foundation (2009). “Important Things for Entrepreneurs to Know about Angel Investors.” Available at: http://www.angelcapitalassociation.org/data/Documents/Press%20Center/What%20Ents%20Should%20Know%20About%20Angels%202009.pdf (accessed July 1, 2015).
  • Bammens, Y., and V. Collewaert (2014). “Trust Between Entrepreneurs and Angel Investors: Exploring Positive and Negative Implications for Venture Performance Assessments,” Journal of Management 40(7), 1980–2008.
  • Bergemann, D., and U. Hege (1998). “Venture Capital Financing, Moral Hazard, and Learning,” Journal of Banking and Finance 22(6), 703–735.
  • Bonnet, C., and P. Wirtz (2012).“Raising Capital for Rapid Growth in Young Technology Ventures: When Business Angels and Venture Capitalists Coinvest,” Venture Capital 14(2–3), 91–110.
  • Bruton, G., I. Filatotchev, S. Chahine, and M. Wright (2010). “Governance, Ownership Structure, and Performance of IPO Firms: The Impact of Different Types of Private Equity Investors and Institutional Environments,” Strategic Management Journal 31(5), 491–509.
  • Carpenter, R., and B. Petersen (2002). “Capital Market Imperfections, High‐Tech Investment and New Equity Financing,” Economic Journal 112(477), F54–F72.
  • Collewaert, V., and S. Manigart (2016). “Valuation of Angel‐Backed Companies: The Role of Investor Human Capital,” Journal of Small Business Management 54(1), 356–372.
  • Coveney, P., and K. Moore (1998). Business Angels: Securing Start‐up Finance. Chichester, UK: John Wiley & Sons.
  • Chahine, S., I. Filatotchev, and M. Wright (2007). “Venture Capitalists, Business Angels, and Performance of Entrepreneurial IPOs in the UK and France,” Journal of Business Finance & Accounting 34(3–4), 505–528.
  • Chemmanur, T. J., and Z. Chen (2014). “Venture Capitalists versus Angels: The Dynamics of Private Firm Financing Contracts,” Review of Corporate Finance Studies 3(1–2), 39–86.
  • Cumming, D., and N. Dai (2010). “Local Bias in Venture Capital Investments,” Journal of Empirical Finance 17(3), 362–380.
  • Cumming, D., and N. Dai (2013). “Why Do Entrepreneurs Switch Lead Venture Capitalists?” Entrepreneurship: Theory and Practice 37(5), 999–1017.
  • CVR (2003). The Angel Investor Market in 2002: Investment Activity and Growth Prospects. New Hampshire: Center for Venture Research. Available at: http://paulcollege.unh.edu/files/FY_2002_Press_Release.pdf (accessed November 25, 2014).
  • Dai, N. (2011). Monitoring via Staging: Evidence from Private Investments in Public Equity,” Journal of Banking & Finance 35(12), 3417–3431.
  • De Clercq, D., V. Fried, O. Lehtonen, and H. Sapienza (2006). “An Entrepreneur's Guide to the Venture Capital Galaxy” Academy of Management Perspectives 20(3), 90–112.
  • Ehrlich, S., A. De Noble, T. Moore, and R. Weaver (1994). “After the Cash Arrives: A Comparative Study of Venture Capital and Private Investor Involvement in Entrepreneurial Firms,” Journal of Business Venturing 9(1), 67–82.
  • Fairchild, R. (2011). “An Entrepreneur's Choice of Venture Capitalist or Angel‐Financing: A Behavioral Game‐Theoretic Approach,” Journal of Business Venturing 26(3), 359–374.
  • Fenn, G. W., and N. Liang (1998). “New Resources and New Ideas: Private Equity for Small Business,” Journal of Banking & Finance 22(6), 1077–1094.
  • Freear, J., and W. E. Wetzel (1990). “Who Bankrolls High‐Tech Entrepreneurs?” Journal of Business Venturing 5(2), 77–89.
  • Freear, J., J. E. Sohl, and W. Wetzel (1995). “Angels: Personal Investors in the Venture Capital Market,” Entrepreneurship and Regional Development 7(1), 85–94.
  • Freear, J., J. E. Sohl, and W. Wetzel. (2002). “Angles on Angels: Financing Technology Based Ventures—A Historical Perspective,” Venture Capital 4(4), 275–287.
  • Gompers, P., and J. Lerner (2001). “The Venture Capital Revolution,” Journal of Economic Perspectives 15(2), 145–168.
  • Goldfarb, B., G. Hoberg, D. Kirsch, and A. Triantis (2013). “Are Angels Different? An Analysis of Early Venture Financing,” Robert H. Smith School Research Paper No. RHS 06‐072. Available at: http://ssrn.com/abstract=1024186 (accessed November 25, 2014).
  • Hall, B. H. (2002). “The Financing of Research and Development,” Oxford Review of Economic Policy 18(1), 35–51.
  • Harrison, R. T. and C. M. Mason (2000). “Venture Capital Market Complementarities: The Links Between Business Angels and Venture Capital Funds in the United Kingdom,” Venture Capital 2(3), 223–242.
  • Hellmann, T., and V. Thiele (2015). “Friends or Foes? The Interrelationship between Angel and Venture Capital Markets,” Journal of Financial Economics 115(3), 639–653.
  • Hellmann, T., P. Schure, and D. Vo (2013). “Angels and Venture Capitalists: Complements or Substitutes?” Working paper. Available at: http://strategy.sauder.ubc.ca/hellmann/pdfs/HellmannSchureVo15-11-09.pdf (accessed November 25, 2014).
  • Hochberg, Y., A. Ljungqvist, and Y. Lu (2007). “Whom You Know Matters: Venture Capital Networks and Investment Performance,” The Journal of Finance 62(1), 251–301
  • Johnson, W. C., and J. Sohl (2012). “Angels and Venture Capitalists in the Initial Public Offering Market,” Venture Capital 14(1), 27–42.
  • Kerr, W. R., J. Lerner, and A. Schoar (2014). “The Consequences of Entrepreneurial Finance: Evidence from Angel Financings,” Review of Financial Studies 27(1), 20–55.
  • Landström, H. (1993). “Informal Risk Capital in Sweden and Some International Comparisons,” Journal of Business Venturing 8(6), 525–540
  • Lerner, J. (1994). “Venture Capitalists and the Decision to Go Public,” Journal of Financial Economics 35(3), 293–316.
  • Lindsay, N. (2004). “Do Business Angels have an Entrepreneurial Orientation?” Venture Capital 6(2–3), 197–210.
  • Madill, J. J., G. H. Haines, and A. L. Riding (2005). “The Role of Angels in Technology SMEs: A Link to Venture Capital,” Venture Capital 7(2), 107–129.
  • Mason, C. M. (2006). “Informal Sources of Venture Finance,” in The Life Cycle of Entrepreneurial Ventures. Ed. S. Parker, New York: Springer, 259–299.
  • Mason, C. M., and R. T. Harrison (1994). “The Role of Informal and Formal Sources of Venture Capital in the Financing of Technology‐Based SMEs in the United Kingdom,” in New Technology‐Based Firms in the 1990s. Ed. R. Oakey, London: Paul Chapman Publishing, 104–124.
  • Morrissette, S. (2007). “A Profile of Angel Investors,” The Journal of Private Equity 10(3), 52–66.
  • Neher, D. (1999). “Staging: An Agency Perspective,” Review of Economic Studies 66(2), 255–274.
  • OECD (2011). Financing High‐Growth Firms: The Role of Angel Investors. OECD Publishing. Available at: http://dx.doi.org/10.1787/9789264118782-en (accessed November 25, 2014).
  • Phalippou, L. and O. Gottschalg (2009). “The Performance of Private Equity Funds,” Review of Financial Studies 22 (4), 1747–1776.
  • Prowse, S. (1998). “Angel Investors and the Market for Angel Investments,” Journal of Banking & Finance 22(6–8), 785–792.
  • Sahlman, W. (1988). “Aspects of Financial Contracting in Venture Capital,” Journal of Applied Corporate Finance 1(2), 23–36.
  • Shane, S. (2012). “The Importance of Angel Investing in Financing the Growth of Entrepreneurial Ventures,” Quarterly Journal of Finance 2(2), 1–42.
  • Sohl, J. (1999). “The Early‐Stage Equity Market in the USA,” Venture Capital 1(2), 101–121.
  • Sohl, J. (2005). The Angel Investor Market in 2004. Durham, NH: University of New Hampshire, Centre for Venture Research. http://www.unh.edu/news/docs/cvr2004.pdf (accessed November 25, 2014).
  • Sørensen, M. (2007). “How Smart Is Smart Money? A Two‐Sided Matching Model of Venture Capital,” Journal of Finance 62(6), 2725–2762.
  • Tian, X. (2011). “The Causes and Consequences of Venture Capital Stage Financing,” Journal of Financial Economics 101(1), 132–159.
  • Van Osnabrugge, M. (2000). “A Comparison of Business Angel and Venture Capitalist Investment Procedures: An Agency Theory Based Analysis,” Venture Capital 2(2), 91–110.
  • Wang, S., and H. Zhou (2004). “Staged Financing in Venture Capital: Moral Hazard and Risks,” Journal of Corporate Finance 10(1), 131–155.
  • Werth, J. C. and P. Boeert (2013). “Co‐investment Networks of Business Angels and the Performance of Their Start‐up Investments,” International Journal of Entrepreneurial Venturing 5(3), 240–256.
  • Wiltbank, R. (2005). “Investment Practices and Outcomes of Informal Venture Investors,” Venture Capital 7(4), 343–357.
  • Wiltbank, R., S. Read, N. Dew, and S. D. Sarasvathy (2009). “Prediction and Control under Uncertainty: Outcomes in Angel Investing,” Journal of Business Venturing 24(2), 116–133.

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.