In the aftermath of the financial crisis, new sources of financing have substantially pushed the envelope of funding sources available to new ventures.Technology parks, startup incubators and accelerators, business angels and angel investment organizations, equity crowdfunding platforms, venture capital funds, corporate seed funds and institutional investors directly investing in new ventures, have massively widened the menu of funding channels, also leveraging on the disrupting advent of Fintech companies and internet-based segments of capital markets.As a consequence, a new financing eco-system for new ventures has emerged in the last few years, with deep implications for both investors and entrepreneurs, ultimately impacting growth paths and creating new challenges at the domestic as well at the global level.While the substantially larger set of funding channels has been instrumental to an unprecedented growth of early stage companies it has also raised new questions that have challenged scholars as well as practitioners and policymakers.Idiosyncratic risk-return profiles and investment philosophies, unorthodox investment practices, innovative value-adding contributions to
No takes yet. Share an insight, caveat, or question.
Bonini et al. (2019) studied this question.