Venture Capitalist Induced Relational Fit and New Venture Performance: a Dutch biotech comparative case analysis

Venture capitalists contribute financially as well as non-financially to new venture development. Their non-financial support consists of both direct strategic advice and indirect advice via networking. But the effectiveness of this advice is more dependent on its acceptance by a new venture than on its nature. The acceptance of the advice of a venture capitalist by a new venture is demonstrated to depend on the latter’s perception of fairness in its relationship with the venture capitalist (Busenitz et al., 2004). In this study it is demonstrated that more dimensions of relational fit than on... Mehr ...