Financing High-Tech Startups: Using Productive Signaling to Efficiently Overcome the Liability of Complexity By Robin P. G. Tech
English | PDF,EPUB | 2018 | 216 Pages | ISBN : 331966154X | 6.33 MB
This book examines the adverse effects of complexity, information asymmetries, transaction costs, and uncertainty on investors’ decision making. It suggests mitigating those effects using appropriate and matching signals, and analyzes a sample of 903 German startups to quantitatively highlight the distinct financing patterns and characteristics of high-tech startups. It then investigates the reasons for these patterns on the basis of a qualitative study that includes 34 interviews with investors and entrepreneurs in the US and Germany and an international expert panel. Lastly, it presents a framework that matches complexity factors with appropriate productive signals.