A Venture Perspective of Different Investor Effects in the Brazilian VC Market
Objective: Venture capital has garnered global interest, attracting policymakers, investors, and entrepreneurs. However, its implementation in emerging nations, particularly in the challenging seed-stage segment, requires adaptive strategies from investors. This article investigates whether these ad...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2024 |
| País: | Brasil |
| Institución: | Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) |
| Repositorio: | BAR - Brazilian Administration Review |
| Idioma: | inglés |
| OAI Identifier: | oai:ojs3.bar.anpad.org.br:article/641 |
| Acceso en línea: | https://bar.anpad.org.br/index.php/bar/article/view/641 |
| Access Level: | acceso abierto |
| Palabra clave: | entrepreneurship finance venture capital corporate venture capital angels accelerator |
| Sumario: | Objective: Venture capital has garnered global interest, attracting policymakers, investors, and entrepreneurs. However, its implementation in emerging nations, particularly in the challenging seed-stage segment, requires adaptive strategies from investors. This article investigates whether these adaptations lead to performance differences among various VC investor types. Methods: We examine the impact of different investor types on the performance of seed-stage ventures in Brazil, comparing our findings to existing literature on the United States. Analyzing investments in the Brazilian seed-stage VC market from 2000 to September 2022, we evaluate outcomes for ventures supported by IVCs, CVCs, Angels, and Accelerators. Results: The results reveal significant disparities in the performance of these entities in Brazil compared to the United States. Conclusions: We conclude that these differences likely stem from unique Brazilian market dynamics that have shaped investor profiles and operational approaches distinct from those in developed nations. |
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