Investment, duration, and exit strategies for corporate and independent venture capital-backed start-ups
We propose a model of investment, duration, and exit strategies for start-ups backed by venture capital (VC) funds that accounts for the high level of uncertainty, the asymmetry of information between insiders and outsiders, and the discount rate. Our analysis predicts that start-ups backed by corpo...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1696 https://ink.library.smu.edu.sg/context/soa_research/article/2723/viewcontent/jems12097__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |