Business angels and accelerators : do they look for the same criteria when investing in early stage ventures?
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/29261 |
Resumo: | Entrepreneurship has been a crucial field for the advancement of the worldwide economy as the entrepreneurial ecosystem is responsible for a large part of the innovation produced globally. However, for ventures in their infant stages, access to capital is a limitation. At the very initial stage, the ventures really on bootstrapping but these funds are often limited. Therefore, in order to make ventures grow, firms need to raise external capital since, as these firms are just starting, recurring to debt and specially banks is very difficult. Two of the most commonly used financing sources at this stage are Business Angels and Accelerators. Thus, it is very important to understand what are the criteria these two investment vehicles consider more relevant when investing, as the majority of the ventures fail at this stage of development. After reviewing the existent literature, a survey was conducted in order to understand the criteria Business Angels and Accelerators consider more important. The survey had a total of 39 participants. The results of the study indicate that the entrepreneur and the team are very important factor however, it was not possible to prove that it is the most important for early stage investors. Nonetheless, it was proved the financial information related to the venture is highly value for Business Angels and Accelerators. |
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Business angels and accelerators : do they look for the same criteria when investing in early stage ventures?EntrepreneurshipNew ventureEarly stage venturesBusiness Angel (BA)AcceleratorNew value creationVenture capitalPrivate investorsEmpreendedorismoNovas empresasCriação de valorCapital de riscoInvestidores privadosStart-upsInvestimentoDomínio/Área Científica::Ciências Sociais::Economia e GestãoEntrepreneurship has been a crucial field for the advancement of the worldwide economy as the entrepreneurial ecosystem is responsible for a large part of the innovation produced globally. However, for ventures in their infant stages, access to capital is a limitation. At the very initial stage, the ventures really on bootstrapping but these funds are often limited. Therefore, in order to make ventures grow, firms need to raise external capital since, as these firms are just starting, recurring to debt and specially banks is very difficult. Two of the most commonly used financing sources at this stage are Business Angels and Accelerators. Thus, it is very important to understand what are the criteria these two investment vehicles consider more relevant when investing, as the majority of the ventures fail at this stage of development. After reviewing the existent literature, a survey was conducted in order to understand the criteria Business Angels and Accelerators consider more important. The survey had a total of 39 participants. The results of the study indicate that the entrepreneur and the team are very important factor however, it was not possible to prove that it is the most important for early stage investors. Nonetheless, it was proved the financial information related to the venture is highly value for Business Angels and Accelerators.O empreendedorismo tem sido uma área crucial para o desenvolvimento da economia mundial pois o ecossistema empreendedor é responsável por grande parte da inovação produzida globalmente. No entanto, para empresas em fase embrionária, o acesso ao capital é limitado. Aquando da criação da empresa, os empreendedores recorrem a capital pessoal no entanto, esses recursos são, muitas vezes, finitos. Posto isto, para que a empresa consiga crescer, é necessário obter capital externo. Nesta fase inicial da empresa, recorrer a dívida ou a bancos, é extremamente difícil. Duas das fontes de financiamento mais utilizadas nesta fase são os Business Angels e Accelerators. Neste sentido, é muito importante entender quais são os critérios que estes dois tipos de investidores consideram mais relevantes quando investem em empresas na sua early stage dado que a maioria das empresas fecham quando se encontram nesta fase de desenvolvimento. Depois de analisar a literatura existente, foi realizado um questionário para entender os critérios que os Business Angels and Accelerators consideram mais importantes. A pesquisa teve um total de 39 participantes. Os resultados deste estudo indicam que o empreendedor e a equipa revelou ser um fator muito importante, no entanto, não foi possível provar que é o mais importante para investidores em empresas em early stage. Ainda, foi possível verificar que a informação financeira relacionada com a empresa é muito valorizada pelos dois tipos de investidores.Costa, Cláudia Isabel de SousaVeritati - Repositório Institucional da Universidade Católica PortuguesaMarçal, Bernardo Miguel Camilo2020-01-15T14:28:10Z2019-06-2820192019-06-28T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/29261TID:202272001enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:34:48Zoai:repositorio.ucp.pt:10400.14/29261Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:23:29.556024Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? |
title |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? |
spellingShingle |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? Marçal, Bernardo Miguel Camilo Entrepreneurship New venture Early stage ventures Business Angel (BA) Accelerator New value creation Venture capital Private investors Empreendedorismo Novas empresas Criação de valor Capital de risco Investidores privados Start-ups Investimento Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? |
title_full |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? |
title_fullStr |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? |
title_full_unstemmed |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? |
title_sort |
Business angels and accelerators : do they look for the same criteria when investing in early stage ventures? |
author |
Marçal, Bernardo Miguel Camilo |
author_facet |
Marçal, Bernardo Miguel Camilo |
author_role |
author |
dc.contributor.none.fl_str_mv |
Costa, Cláudia Isabel de Sousa Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Marçal, Bernardo Miguel Camilo |
dc.subject.por.fl_str_mv |
Entrepreneurship New venture Early stage ventures Business Angel (BA) Accelerator New value creation Venture capital Private investors Empreendedorismo Novas empresas Criação de valor Capital de risco Investidores privados Start-ups Investimento Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Entrepreneurship New venture Early stage ventures Business Angel (BA) Accelerator New value creation Venture capital Private investors Empreendedorismo Novas empresas Criação de valor Capital de risco Investidores privados Start-ups Investimento Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Entrepreneurship has been a crucial field for the advancement of the worldwide economy as the entrepreneurial ecosystem is responsible for a large part of the innovation produced globally. However, for ventures in their infant stages, access to capital is a limitation. At the very initial stage, the ventures really on bootstrapping but these funds are often limited. Therefore, in order to make ventures grow, firms need to raise external capital since, as these firms are just starting, recurring to debt and specially banks is very difficult. Two of the most commonly used financing sources at this stage are Business Angels and Accelerators. Thus, it is very important to understand what are the criteria these two investment vehicles consider more relevant when investing, as the majority of the ventures fail at this stage of development. After reviewing the existent literature, a survey was conducted in order to understand the criteria Business Angels and Accelerators consider more important. The survey had a total of 39 participants. The results of the study indicate that the entrepreneur and the team are very important factor however, it was not possible to prove that it is the most important for early stage investors. Nonetheless, it was proved the financial information related to the venture is highly value for Business Angels and Accelerators. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-06-28 2019 2019-06-28T00:00:00Z 2020-01-15T14:28:10Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/29261 TID:202272001 |
url |
http://hdl.handle.net/10400.14/29261 |
identifier_str_mv |
TID:202272001 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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