Abstract

Building up a new technology-based firm (NTBF) to the point where it becomes a competitive enterprise with a stable position in the market makes great demands on the founders. Although founders primarily contribute technical know-how, they often do not possess sufficient business skills and the owned capital that they are able to bring into the new foundation is usually small. Their state of information regarding the market and legal and financial questions is often only limited. They are thus highly dependent on cooperation with external investors and providers of information, and have to acquire new abilities and additional know-how during the initial business years.KeywordsVenture CapitalMarket EntryBusiness DevelopmentCrisis SituationInvestment CompanyThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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