This exploratory study examines the deal structuring stage of the venture capitalist decision-making process. Here, the primary issues of concern are investor confidence and potential control of a venture in relation to the level of financing the investor provides and the structure with which the funding is delivered. Confidence comes in support of the entrepreneur, the venture itself, or a combination of the two, prior to capital transfer, but after the initial “invest or not invest” decision has already occurred. Findings support a multicriteria perspective of the pre-investment decision-making process and a distinct difference between entrepreneur confidence and venture confidence in the deal structuring stage.
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Title
The deal structuring stage of the venture capitalist decision‐making process
Publication Details
Journal of small business management, Vol.47, pp.154-179
Resource Type
Journal article
Publisher
Wiley-Blackwell Publishing, Inc.; United States
Series
47
Copyright
Copyright of Journal of Small Business Management is the property of Blackwell Publishing Limited
Identifiers
WOS:000264176200002; 99380090338906600
Academic Unit
Business Administration; Lewis Bear Jr. College of Business