10. Summary and Recommendations

The first part of this chapter provides an overview of the research objectives, methods, and design of the study, followed by a discussion of the results of the study, focusing on the German market in particular. The overall objective of this paper is to discuss the implications of the results, namely the criteria identified as necessary and sufficient for venture capital investments by different stakeholders. It is our goal to inform founders, managers, investors, financiers, and policymakers about the functioning of the start-up ecosystem, so they can contribute to its overall appeal, while also preparing founders and investors to design successful private equity strategies and develop robust start-up business models in Germany.