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2018 | OriginalPaper | Chapter

1. Introduction: High-Tech Startup Financing

Author : Robin P. G. Tech

Published in: Financing High-Tech Startups

Publisher: Springer International Publishing

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Abstract

In this chapter, the general setup of the two main actors, startups and investors, is described. In the following subchapters, I present the thesis’ academic grounding in terms of entrepreneurship research, the definition of high-tech startups as a subset of all startups, and the development stages that startups usually go through to distinguish early stages from later ones. I then briefly discuss the current state of venture financing and highlight the specificities of the relevant investor groups.

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next chapter Theory: The Liability of Complexity
Footnotes
1
A so-called ‘steady stage’ is used in the quantitative Study I to describe startups that cannot or do not want to progress in terms of revenue or headcount.
 
2
Private equity is not considered in the in-depth analysis, because it thus far plays an insignificant role in early stage startup financing.
 
3
Robb and Robinson (2014) discuss evidence for equity leveraging with short-term credits by entrepreneurs in the US. This is, however, disregarded in the thesis at hand because it is not a designated or intended instrument offered by banks for startup companies.
 
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Metadata
Title
Introduction: High-Tech Startup Financing
Author
Robin P. G. Tech
Copyright Year
2018
Book
Financing High-Tech Startups

Print ISBN: 978-3-319-66154-4

Electronic ISBN: 978-3-319-66155-1

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-66155-1_1