A comparison of business angel and venture capitalist investment procedures: An agency theory-based analysis

By Mark van Osnabrugge. 2000

392 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/2e679fab4f224c66a17f24cc4f0e7c55167e9b45

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Citations in the corpus

Trust Between Entrepreneurs and Angel Investors (2014, background): “After investment, angels periodically assess the financial and nonfinancial performance of their portfolio ventures to intervene if necessary (Fiet, 1995; Van Osnabrugge, 2000).”
Founders, Private Equity Investors, and Underpricing in Entrepreneurial IPOs (2009, background): “Previous research indicates that VCs tend not to hold a significant number of shares subsequent to the IPO, and once the lock-up period expires there is usually a flurry of sales by the VCs (Osnabrugge, 2000).”
The Relationship between Slack Resources and the Performance of Entrepreneurial Firms: The Role of Venture Capital and Angel Investors (2013, positive): “Angel investors are hence likely to be more generally incentivized and more active investors irrespective of their equity stakes (Van Osnabrugge, 2000).”
Informal Sources of Venture Finance (2006, background): “Thus, in practice investors place a heavy reliance on their relationship with the entrepreneur to deal with any problems that arise (van Osnabrugge, 2000; Kelly and Hay, 2003).”
What matters, matters differently: a conjoint analysis of the decision policies of angel and venture capital investors (2014, methodology): “…1993; MacMillan, Siegel, and Narasimha 1986; Mason and Harrison 1996; Maxwell, Jeffrey, and Lévesque 2011; Mitteness, Sudek, and Cardon 2012; Petty and Gruber 2011; Prowse 1998; Shane and Cable 2002; Shepherd 1999; Sohl 1999; Sørheim 2003; Sudek 2006; Tyebjee and Bruno 1984; Van Osnabrugge 2000).”
Trustworthiness: A Critical Ingredient for Entrepreneurs Seeking Investors (2014, background): “…capital investing, is less common among BAs, partly because venture capitalists (VCs) need to explain their investment decisions to funders and controls are easier to explain to a third party; in contrast, BAs do not need such explanations since they invest their own money (van Osnabrugge, 2000).”
Towards a model of the business angel investment process (2007, background): “Whereas venture capitalists concentrate on competent screening, due diligence and contract formulation during the investment process as a risk reduction strategy, angels are more likely to focus on an active post-involvement role in the business (Van Osnabrugge, 2000).”
Executive forum: A study of informal investing in 29 nations composing the Global Entrepreneurship Monitor (2003, methodology): “…Research Conference. zBased on the ground-breaking studies of Wetzel and his associates in the USA and Harrison and Mason in the UK, van Osnabrugge (1999) wrote: the BA [business angel] market in UK and the USA is the largest single source of risk financing for entrepreneurial firms,…”
The Effect of Gender Diversity on Angel Group Investment (2011, background): “Although equity investments come in many forms, an emerging consensus is that angel capital is particularly critical for early-stage success (GEM, 2001; Harrison & Mason, 2000; Sohl, Van Osnabrugge, & Robinson, 2000; Sohl, 2003).”
Business angels and value added: what do we know and where do we go? (2008, background): “This supervision and monitoring role is about shielding the investments of the main resource providers of the enterprise (equity holders, as well as debt holders and employees) from potential managerial misbehaviour (e.g. the risk that the entrepreneur may mix personal and business goals) (Markman, ”
A Study of the Association between Level of Slack Reduction Following Downsizing and Innovation Output (2010, positive): “…that even though agency arguments regarding potential misuse of slack may not hold for new ventures (Arthurs and Busenitz, 2003; Phan and Hill, 1995; van Osnabrugge, 2000), the core assumption regarding the possible negative association between high level of slack and innovation remains valid.”