"Comparison of venture capitalists' decision-making criteria for start-up venture and MBO"

So, Yuk Fai. (2002). "Comparison of venture capitalists' decision-making criteria for start-up venture and MBO" Honours Thesis, School of Business, University of Queensland.

       
Attached Files (Some files may be inaccessible until you login with your UQ eSpace credentials)
Name Description MIMEType Size Downloads
THE16682.pdf Full text Click to show the corresponding preview/stream application/pdf 4.41MB 8
Author So, Yuk Fai.
Thesis Title "Comparison of venture capitalists' decision-making criteria for start-up venture and MBO"
School, Centre or Institute School of Business
Institution University of Queensland
Publication date 2002
Thesis type Honours Thesis
Total pages 117
Language eng
Subjects 1503 Business and Management
Formatted abstract Venture capitalists (VCs) evaluate business plans daily to fund the business which have the potential to earn substantial profits. Understanding the decision-making process of VCs can improve the accuracy of their decisions and also help the potential business to better prepare their business plans.

VCs invest in different stages of business development. They offer capital such as seed and start-up capital to early stages ventures. They also provide funding such as expansion capital, management buy-out (MBO) capital to later stages ventures. Previous researchers that have investigated the decision-making criteria of VCs do not distinguish between the different stages of business development. They simply asked the VCs to evaluate a "new venture" or "new business". The previous research assumed that all the VCs used the same criteria and attached the same weight to the criteria when they evaluate all the business plans. These propositions are unlikely to be true because there are a lot of differences between the structures and dynamics of early stages ventures compare to later stages ventures.

It is proposed in this paper that VCs may weight the criteria differently at different stages of business development. The paper particularly examines the criteria used by VCs to evaluate business seeking start-up capital and the criteria used by VCs to evaluate MBOs. In this paper, it is hypothesized that the relative importance of the criteria used by VCs to evaluate the profitability of start-up ventures and MBOs are likely to differ.

 
Citation counts: Google Scholar Search Google Scholar
Access Statistics: 117 Abstract Views, 8 File Downloads  -  Detailed Statistics
Created: Tue, 26 Oct 2010, 15:31:25 EST by Muhammad Noman Ali on behalf of The University of Queensland Library