Voici les éléments 1 - 3 sur 3
  • Publication
    Accès libre
    The impact of networks on entrepreneurs and startups : essays on investor centrality, entrepreneur relationship and startup performance
    (Université de Neuchâtel, 2023-11-29) ;
    Dans cette étude en trois chapitres, nous explorons tout d’abord le rôle critique de la centralité du réseau d’investisseurs dans la réussite de l’entreprise, en soulignant comment les positions centrales des investisseurs stimulent la performance à long terme, le succès de l’introduction en bourse et le financement ultérieur. Le deux- ième chapitre met en évidence l’importance de la confiance au sein des réseaux d’investisseurs, en soulignant le rôle des expériences partagées et de la similarité relative dans le choix des investisseurs. Dans le troisième chapitre, l’étude exam- ine la dynamique des réseaux d’entrepreneurs dans l’industrie biotechnologique française, en mettant en évidence l’impact des liens interpersonnels, de la diversité et des paramètres du réseau sur les performances de l’entreprise et la collecte de fonds. Dans l’ensemble, ces chapitres donnent un aperçu complet de l’interaction entre les réseaux d’investisseurs, la transmission d’informations et les liens inter- personnels, et mettent en lumière les principaux moteurs de la réussite et de la croissance des entreprises.
    ABSTRACT:
    In this three-chapter study, we first explore the critical role of investor network centrality in shaping entrepreneurial success, emphasizing how central investor positions boost long-term performance, IPO success, and subsequent funding. The second chapter highlights the importance of trust within investor networks, emphasizing the role of shared experiences and relative similarity in shaping investor choices. In the third chapter, the study examines the dynamics of entrepreneurial networks in the French biotechnology industry, showcasing the impact of interpersonal ties, diversity, and network metrics on company performance and fundraising. Overall, these chapters provide comprehensive insights into the interplay of investor networks, information transmission, and interpersonal ties, illuminating key drivers of entrepreneurial success and growth.
  • Publication
    Restriction temporaire
    Money talks: The impact of investors’ networks on entrepreneurs’ success
    This paper analyzes the role of investors’ network centrality on the company in which they are investing. Our longitudinal (19682020, across industries) study shows that an investor with a central network position is beneficial for entrepreneurs, both preIPO and postIPO. We find that an investor with a central network position increases the likelihood that the investee will obtain subsequent funding, go public, and perform in the long term. We also show that to go public, the startup ideally first needs funding from a central investor – which could even come at the expense of receiving a higher amount from a less central investor – before broadening its investor base to include more investors as it moves toward exit via IPO. We further examine the effect of investor centrality on startup valuation at the time of the IPO and the firm’s short and long term success.
  • Publication
    Restriction temporaire
    Money talks: Empirical insights on the impact of investors’ connections for entrepreneurs’ success
    An important asset for the investor and the company he is investing in are the con- nections that he may have in the industry. It makes for a pool of resources comprised of person/companies he might know or might have worked with, which may prove valuable in the future. The study of the impact of these connections on a company is the subject of my work. It can be rephrased in this fashion: what is the impact of an investor’s connections for the company in which he is investing? My answer to this question is built by viewing a complete network of past relation- ships from all investors. According to this knowledge of previous business links, I investigate the role that the centrality of an investor within the global network can have for his investee. The question can further be broken down to several sub questions. Does invest- ment from a prominent investor at an early stage increase the chances of its investee to secure later successful rounds of funding? And can a favourable network position of an investor increase the odds that a startup will become public?