Business angels and early stage decision making criteria: empirical evidence from an emerging market

نویسندگان

چکیده

How do business angels assess a prospective entrepreneurial firm when they make an investment decision? This article examines central question that informal venture capitalists have been struggling with for decades: What early stage decision making criteria investors define and apply to reduce the volume of potential deals more manageable size? Based on semi-structured interviews in emerging market, we show are focused industry structure product features, other side, our results also suggest very strong support personality entrepreneur management team. More specifically, trustworthiness is essential element affecting investor’s close deal. Business set requirements terms entrepreneur’s equity stake start-up monitoring tools prevent failure investee firms. Our findings if there warning signs project existential crisis, most will reject their participation. We believe empirical both researchers practitioners establish better understanding between well-developed financial theories underresearched capital market Central Eastern European country.

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ژورنال

عنوان ژورنال: Ekonomska Istrazivanja-economic Research

سال: 2022

ISSN: ['1848-9664', '1331-677X']

DOI: https://doi.org/10.1080/1331677x.2022.2063920