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The perfect match: the role of categorical fit between venture capitalists and their startup investments
Citation Link: https://doi.org/10.15480/882.1619
Publikationstyp
Doctoral Thesis
Date Issued
2018
Sprache
English
Author(s)
Advisor
Ihl, Christoph
Referee
Title Granting Institution
Technische Universität Hamburg-Harburg
Place of Title Granting Institution
Hamburg
Examination Date
2018-03-16
Institut
TORE-DOI
This dissertation sheds light on how the categorical fit between venture capitalists and startups affect the matching process before a funding round. The study uses market categories to measure new venture’s distinctiveness and the cultural distance between venture capitalists and new ventures. The empirical analysis of 11 years of venture capital investment data in the USA confirms that experienced and high status investors prefer more distinctive new ventures and that the negative effect of cultural distance on the investment probability is mitigated by venture capitalists portfolio diversification and status.
Subjects
entrepreneurship
venture capital
investment
startup
categories
fit
DDC Class
330: Wirtschaft
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2018_Dissertation_JFA_FINAL_printed_no_CV.pdf
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