Effect of 2022’s economic downturn on the EU venture capital market: the influence of the current economic downturn on the post-investment behavior of VCs

• Autor(a) principal: Hemmer-Hiltenkamp, Annika
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/161319
• topic: Venture capital; Start-up; Early-stage; Economic downturn; Investment activity; Selection criteria; Value add

This research paper investigates how the current economic downturn affects the EU Venture Capital and start-up market. Hence, to gain a comprehensive market overview, the general impact on investment activity and start-ups was analyzed, before exploring the impact on screening criteria of investments and non-financial value adds of VCs. Expert interviews were therefore conducted with 11 early-stage VCs and 7 start-ups and complemented by investment data of Crunchbase. Findings included a slight decrease in investment activity since Q3 2022, changing investment themes, a focus shift in screening criteria and non-financial value adds as well as changing needs of start-ups.