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Serial Investors and Early Stage Finance
Oleh:
Kelly, Peter
;
Hay, Michael
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Journal of Entrepreneurial and Small Business Finance vol. 5 no. 2 (1996)
,
page 159-174.
Topik:
investor
;
serial investors
;
early stage finance
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ40
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This study examines the early stage investment activity of UK serial investors, individuals who have made at least three private investments. Two distinct groups emerged, one which invested on their own all the time ("solo serial investors") and the other which invested with others almost exclusively ("siyndicate serial investors"). Both groups had invested in a variety of industrial sectors, a majority of which were in sectors where no one in th einvestor group had previous direct experience. Concept familiarity appeared to be a necessary, albeit insufficient, prerequisite to the decision to invest. For a majority of th einvestments reviewed for both groups, the investor (s) backed individuals personally known to them, to another syndicate members, and / or to the deal referrer. When the linkage to performance is explored, both solo and syndicate serial investors are well advised to back entrepreneurs known to a least one number of the investor group.
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