Do UK venture capitalists still have a bias against investment in new technology firms

By Andy Lockett, Gordon Murray, Mike Wright. 2002

211 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/251a6cf1712818718089dd306b601f4bdda7bf52

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Citations in the corpus

From the crowd to the market: The role of reward-based crowdfunding performance in attracting professional investors (2017, background): “Particularly, VCs many times do not invest until a company has validated the market and gained traction (Lockett et al., 2002; Grant, 2013).”
Venture Capitalists, Business Angels, and Performance of Entrepreneurial IPOs in the UK and France (2007, unknown): “On the other hand, VCs are likely to possess the skills to add value to riskier ventures where internal resources (both in terms of human capital of the entrepreneur and financial resources) are inadequate to take advantage of growth opportunities (Lockett et al. 2002).”
Governmental venture capital in Europe: Screening and certification (2016, background): “…VC investors’ superior abilities to address information asymmetries, the entrepreneurial finance literature has shown that an equity gap remains for many entrepreneurial companies, especially companies in the earliest stages of development (Murray and Lott 1995; Lockett et al. 2002; Kelly 2011).”
The interplay of need and opportunity in venture capital investment syndication (2010, background): “Indeed, prior research confirms that early stage deals are more likely to be syndicated despite their lower financial requirements (Bygrave, 1987; Lockett et al., 2002).”
Funding the growth of UK technology-based small firms since the financial crash: are there breakages in the finance escalator? (2013, background): “…costs of investing small amounts in seed and early stage ventures to be prohibitively expensive and risky (Bruno and Tyebjee 1985; Trester 1998; Lockett, Murray, and Wright 2002) as they require a disproportionate amount of managerial input from VC fund managers relative to the size of the…”
Institutional change and resource endowments to science-based entrepreneurial firms (2005, background): “Since in Europe the venture capital industry and financial markets financing technologies in the (pre)-seed stage were rather immature in the early 1990s, the “funding gap” (see Cressy, 2002; Lockett et al., 2002 ) was a major challenge facing science-based entrepreneurial firms.”
Mapping out the sharing economy: A configurational approach to sharing business modeling (2017, background): “Mainstream investors such as venture capitalists will want to look for business models heavily reliant on technology as they are generally the most scalable (Lockett et al. 2002).”
Convergence or path dependency in policies to foster the creation of university spin-off firms? A comparison of France and the United Kingdom (2010, background): “But the VC industry and the creation of new stock markets were not sufficient conditions to give rise to a large number of new technological companies ( Lockett et al. 2002 ).”
Financing technology-based small firms in Europe: what do we know? (2012, background): “Consistently, Lockett et al. (2002) provide evidence that UK venture capitalists slightly improved their attitude towards young and small firms, while in the early Nineties they tended to give priority to large deal sizes and large companies (Murray 1999, Jeng and Wells 2000, Mayer, Schoors and…”
Governance, ownership structure, and performance of IPO firms: The impact of different types of private equity investors and institutional environments (2009, background): “…reputation (Chahine et al., 2007), we verify whether more prestigious underwriters have a third-party certifying role (Beatty and Ritter, 1986) or are more likely to seek their own advantage by charging lower fees and leaving more money on the table (Cooney et al., 2001; Loughran and Ritter, 2002).”
Resources, capabilities, risk capital and the creation of university spin-out companies (2005, background): “At the same time, venture capital firms lament the lack of sufficient investment propositions with attractive prospects for future wealth generation (Lockett et al., 2002).”
What do we know about entrepreneurial finance and its relationship with growth? (2015, background): “While some improvements in VC provision for early-stage technology-based firms have been noted, major concerns remain (Lockett et al., 2002).”