Angels and venture capitalists: substitutes or complements?

We analyze the funding of start-up companies across financing rounds, focusing on the dynamic interactions between angel investors and venture capitalists. Using unique data from British Columbia, Canada, we show that angels and venture capitalists are dynamic substitutes. This substitutes pattern a...

詳細記述

書誌詳細
主要な著者: Hellmann, T, Schure, P, Vo, DH
フォーマット: Journal article
言語:English
出版事項: Elsevier 2021

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