Venture Capital Investment Decision Making
Uncovering Knowledge Structures of Venture Capital Investment Decision Making
Pankaj Patel and Rodney D’Souza, doctoral students at the University of Louisville, have received the fifth annual “Best Doctoral Paper” award from the Office of Advocacy of the U.S. Small Business Administration. They presented their winning paper, Uncovering Knowledge Structures of Venture Capital Investment Decision Making, at the annual meeting of United States Association for Small Business and Entrepreneurship (USASBE).
The award recognizes excellence in graduate-level papers that analyze issues of relevance to small businesses and entrepreneurs. The paper challenges the conventional wisdom that the makeup of entrepreneurial teams is more important in the venture capital funding decision than the inherent business potential of the new venture. The authors find that while team composition is a major factor in explaining why a business plan is rejected, it is not significant in explaining why a business plan is funded.
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