- -

Keys to success in investment rounds by immigrant entrepreneurs in Silicon Valley

RiuNet: Repositorio Institucional de la Universidad Politécnica de Valencia

Compartir/Enviar a

Citas

Estadísticas

  • Estadisticas de Uso

Keys to success in investment rounds by immigrant entrepreneurs in Silicon Valley

Mostrar el registro sencillo del ítem

Ficheros en el ítem

[Cerrado]
Nombre: Yagüe-Perales;Pér ...
Tamaño: 570.2Kb
Formato: PDF
Descripción: Versión editorial
Solicitar una copia al autor
dc.contributor.author Yagüe-Perales, Rosa M. es_ES
dc.contributor.author Pérez Ledo, Pau es_ES
dc.contributor.author March-Chordà, Isidre es_ES
dc.date.accessioned 2021-01-30T04:31:45Z
dc.date.available 2021-01-30T04:31:45Z
dc.date.issued 2019-12 es_ES
dc.identifier.issn 1554-7191 es_ES
dc.identifier.uri http://hdl.handle.net/10251/160305
dc.description.abstract [EN] This study presents an updated diagnosis of the SV ecosystem itself and offers an insight into the entrepreneurial mobility trends prospects and expectations of the growing number of start-ups launched by immigrant entrepreneurs arriving in SV. The purpose is to determine and rank the attributes most valued by investors when assessing projects and start-ups founded by immigrant entrepreneurs. The model of analysis composed by three hypotheses leads to a series of findings about the profile and expectations of the immigrant entrepreneurs, and reveals remarkable hints and key targets to be met by immigrant entrepreneurs in SV in order to successfully close investment rounds in a hypercompetitive environment. The study discloses the low impact of the founder's profile as a driver of external investment. A key conclusion states that Venture Capitalists and Business Angels in the top-ranked entrepreneurial ecosystem are primarily led by factors linked to the competitive environment and the product development process, along with the traditional performance indicators: revenue and profitability. es_ES
dc.language Inglés es_ES
dc.publisher Springer-Verlag es_ES
dc.relation.ispartof International Entrepreneurship and Management Journal es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Investment es_ES
dc.subject Immigrants es_ES
dc.subject Entrepreneurs es_ES
dc.subject Silicon Valley es_ES
dc.subject Success es_ES
dc.subject.classification ECONOMIA APLICADA es_ES
dc.title Keys to success in investment rounds by immigrant entrepreneurs in Silicon Valley es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1007/s11365-019-00588-3 es_ES
dc.rights.accessRights Cerrado es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.description.bibliographicCitation Yagüe-Perales, RM.; Pérez Ledo, P.; March-Chordà, I. (2019). Keys to success in investment rounds by immigrant entrepreneurs in Silicon Valley. International Entrepreneurship and Management Journal. 15(4):1153-1177. https://doi.org/10.1007/s11365-019-00588-3 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.1007/s11365-019-00588-3 es_ES
dc.description.upvformatpinicio 1153 es_ES
dc.description.upvformatpfin 1177 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 15 es_ES
dc.description.issue 4 es_ES
dc.relation.pasarela S\397444 es_ES
dc.description.references Acs, Z. J. (2010). High-impact entrepreneurship. In Z. J. ACS & D. G. Audretsch (Eds.), handbook of entrepreneurship research. An interdisciplinary survey and introduction (Vol. 165-182, pp. 165–182). New York: Springer. es_ES
dc.description.references Agarwal, R., Audretsch, D., & Sarkar, M. B. (2007). The process of creative construction: Knowledge spillovers, entrepreneurship, and economic growth. Strategic Entrepreneurship Journal, 1(3–4), 263–286. es_ES
dc.description.references Alarcón, R. (1999). Recruitment processes among foreign-born engineers and scientists in Silicon Valley. American Behavioral Science, 42, 1381–1389. es_ES
dc.description.references Alemany, L., & Marti, J. (2005). Unbiased estimation of economic impact of venture capital backed firms. EFA 2005 Moscow Meetings Paper. es_ES
dc.description.references Bagwell, S. (2015). Transnational entrepreneurship amongst Vietnamese businesses in London. Journal of Ethnic and Migration Studies, 41(2), 329–349. https://doi.org/10.1080/1369183X.2014.907739 . es_ES
dc.description.references Basu, A., & Virick, M. (2015). Silicon Valley’s Indian diaspora: Networking and entrepreneurial success. South Asian Journal of Global Business Research, 4(2), 190–208. es_ES
dc.description.references Baum, J. R., & Bird, B. (2010). The successful intelligence of high-growth entrepreneurs: Links to new venture growth. Organization Science, 21(2), 397–412. es_ES
dc.description.references Bengtsson, O., & Hsu, D. H. (2015). Ethnic matching in the U.S. venture capital market. Journal of Business Venturing, 30, 338–354. es_ES
dc.description.references Bertoni, F., Colombo, M. G., & Grilli, L. (2011). Venture capital financing and the growth of high-tech start-ups: Disentangling treatment from selection effects. Research Policy, 40, 1028–1043. es_ES
dc.description.references Bird, M., & Wennberg, K. J. (2016). Why family matters: The impact of family resources on immigrant entrepreneurs` exit routes. Journal of Business Venturing, 31(6), 687–704. es_ES
dc.description.references Bocken, N. M. P. (2015). Sustainable venture capital–catalyst for sustainable start-up success? Journal of Cleaner Production, 108, 647–658. es_ES
dc.description.references Bolton, W. K., & Thompson, J. L. (2000). Entrepreneurs: Talent, Temperament, Technique. Oxford: Butterworth Heinemann. es_ES
dc.description.references Borjas, G. J. (2000). Ethnic enclaves and assimilation. Swedish Economic Policy Review, 7(2), 89–122. es_ES
dc.description.references Börjesson, S., & Löfsten, H. (2012). Capabilities for innovation in small firms – A study of 131 high-tech firms and their relation to performance. International Journal of Business Innovation and Research, 6(2), 149–176. es_ES
dc.description.references Bottazzi, L., & Da Rin, M. (2002). Venture capital in Europe and the financing of innovative companies. Economic Policy, 17, 229–269. es_ES
dc.description.references Bourdieu, P. (1986). The forms of capital. In J. Richardson (Ed.), The handbook of theory and research for the sociology of education (pp. 241–258). New Yor: Greenwood Press. es_ES
dc.description.references Bowen, H. P., & De Clercq, D. (2008). Institutional context and the allocation of entrepreneurial effort. Journal of International Business Studies, 39(4), 747–767. es_ES
dc.description.references Bruton, G. D., Ahlstrom, D., & Li, H. L. (2010). Institutional theory and entrepreneurship: Where are we now and where do we need to move in the future? Entrepreneurship Theory and Practice, 34(3), 421–440. es_ES
dc.description.references Cederberg, M., & Villares-Varela, M. (2019). Ethnic entrepreneurship and the question of agency: The role of different forms of capital, and the relevance of social class. Journal of Ethnic and Migration Studies, 45(1), 115–132 0.1080/1369183X.2018.1459521. es_ES
dc.description.references Cenci, A. (2018). A qualitative viewpoint on the southern Eurozone highly skilled labour mobility in the metropolitan area of Copenhagen in times of crisis and austerity. Mobilities, 13(4), 551–568. es_ES
dc.description.references Chen, C. C., Greene, P. G., & Crick, A. (1998). Does entrepreneurial self-efficacy distinguish entrepreneurs from managers? Journal of Business Venturing, 13(4), 295–316. es_ES
dc.description.references Colombo, M. G., & Grilli, L. (2010). On growth drivers of high-tech start-ups: The role of founders’ human capital and venture capital. Journal of Business Venturing, 25, 610–626. es_ES
dc.description.references Colombo, M. G., Grilli, L., & Piva, E. (2006). In search for complementary assets: The determinants of alliance formation of high-tech start-ups. Research Policy, 35, 1166–1199. es_ES
dc.description.references Compass. (2016). The Global Startup Ecosystem Ranking 2016. Chertsey: Compass. es_ES
dc.description.references Cooke, P., Uranga, M. G., & Etxebarria, G. (1998). Regional systems of innovation: An evolutionary perspective. Environment & Planning A, 30, 1563–1584. es_ES
dc.description.references Czarnitzki, D., & Delanote, J. (2013). Young innovative companies: The new high growth firms? Industrial and Corporate Change, 22(5), 1315–1340. es_ES
dc.description.references Davidsson, P., & Honig, B. (2003). The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18(3), 301–331. es_ES
dc.description.references Davila, A., Foster, G., & Gupta, M. (2003). Venture capital financing and the growth of start-up firms. Journal of Business Venturing, 18, 689–708. es_ES
dc.description.references De Clercq, D., Lim, D. S., & Oh, C. H. (2013). Individual-level resources and new business activity: The contingent role of institutional context. Entrepreneurship Theory and Practice, 37(2), 303–330. es_ES
dc.description.references Dennis. D.J. (2004). Entrepreneurial finance: an overview of the issues and evidence, Journal of Corporate Finance,10(2), 301–326 es_ES
dc.description.references Dheer, R. J. S. (2018). Entrepreneurship by immigrants: A review of existing literature and directions for future research. International Entrepreneurship Management Journal, 14, 555–614. es_ES
dc.description.references Douglas, E. (2013). Reconstructing entrepreneurial intentions to identify predisposition for growth. Journal of Business Venturing, 28(5), 633–651. es_ES
dc.description.references Drori, I., Honig, B., & Wright, M. (2009). Transnational entrepreneurship: An emergent field of study. Entrepreneurship Theory and Practice, 33(5), 1001–1022. es_ES
dc.description.references Dyke, L. S., Fischer, E. M., & Reuber, A. R. (1992). An inter-industry examination of the impact of owner experience on firm performance. Journal of Small Business Management, 30(4), 72–87. es_ES
dc.description.references Eisenhardt, K., & Schoonhoven, C. (1990). Organizational growth: Linking founding team, strategy, environment, and growth among U.S. semiconductor ventures, 1978–1988. Administrative Science Quarterly, 35(3), 504–529. es_ES
dc.description.references Ensley, M. D., Pearce, C. L., & Hmieleski, K. M. (2006). The moderating effect of environmental dynamism on the relationship between entrepreneur leadership behavior and new venture performance. Journal of Business Venturing, 21(2), 243–263. es_ES
dc.description.references Faria, A. P., & Barbosa, N. (2014). Does venture capital really foster innovation? Economics Letters, 122(2), 129–131. es_ES
dc.description.references Felin, T., Foss, N. J., & Hiemericks, K. H. (2012). Microfoundations of routines and capabilities: Individuals, processes, and structure. Journal of Management Studies, 49(8), 1351–1374. es_ES
dc.description.references Ganotakis, P. (2012). Founders’ human capital and the performance of UK new technology based firms. Small Business Economics, 39, 495–515. es_ES
dc.description.references Geronikolaou, G., & Papachristou, G. (2012). Venture capital and innovation in Europe. Modern Economy, 3(4), 454–459. es_ES
dc.description.references Gimeno, J., Folta, T. B., Cooper, A. C., & Woo, C. Y. (1997). Survival of the fittest? Entrepreneurial human capital and the persistence of underperforming firms. Administrative Science Quarterly, 42(4), 750–783. es_ES
dc.description.references Gompers, P. A., & Lerner, J. (2001). The venture capital revolution. Journal of Economic Perspectives, 15, 145–168. es_ES
dc.description.references Gruber, M., MacMillan, I. C., & Thompson, J. D. (2008). Look before you leap: Market opportunity identification in emerging technology firms. Management Science, 54(9), 1652–1665. es_ES
dc.description.references Gu, W., Qian, X., & Lu, J. (2018). Venture capital and entrepreneurship: A conceptual model and research suggestions. International Entrepreneurship Management Journal, 14, 35–50. es_ES
dc.description.references Hart, D. M., & Acs, Z. J. (2011). High-tech immigrant entrepreneurship in the United States. Economic Development Quarterly, 25(2), 116–129. es_ES
dc.description.references Hsu, D. H. (2006). Venture capitalists and cooperative start-up commercialization strategy. Management Science, 52, 204–219. es_ES
dc.description.references Hsu, D. H. (2007). Experienced entrepreneurial founders, organizational capital, and venture capital funding. Research Policy, 36(5), 722–741. es_ES
dc.description.references Ireland, R. D., Hitt, M. A., & Sirmon, D. G. (2003). A model of strategic entrepreneurship: The construct and its dimensions. Journal of Management, 29(6), 963–989. es_ES
dc.description.references Isenberg, D. J. (2008). The global entrepreneur. Harvard Business Review, 86(12), 107–111. es_ES
dc.description.references Jang, J. (2012). Innovation capability and corporate growth: An empirical investigation in China. Journal of Engineering Technology Management, 29, 34–46. es_ES
dc.description.references Jones, T., Barrett, G., & McEvoy, D. (2000). Market potential as a decisive influence on the performance of ethnic minority business. In J. Rath (Ed.), Immigrant businesses: The economic, political and social environment (pp. 37–53). New York: St. Martin’s Press. es_ES
dc.description.references Kenney, M., & Patton, D. (2015). Gender, ethnicity and entrepreneurship in initial public offerings: Illustrations from an open database. Research Policy, 44, 1773–1784. es_ES
dc.description.references Kerr, W.R. (2013). US High-skilled Immigration, Innovation, and Entrepreneurship: Empirical Approaches and Evidence. Paper No. 19377. National Bureau of Economic Research. es_ES
dc.description.references Levitt, P. (2001). Transnational migration: Taking stock and future directions. Global Networks: A Journal of Transnational Affairs, 1(3), 195–216. 10.1111/1471-0374.00013. es_ES
dc.description.references Ley, L. (2006). Explaining variations in business performance among immigrant entrepreneurs in Canada. Journal of Ethnic and Migration Studies, 32(5), 743–764. https://doi.org/10.1080/13691830600704123 . es_ES
dc.description.references Light, I. (2010). Transnational entrepreneurs in an English-speaking world. Die Erde, 141(1–2), 1–16. es_ES
dc.description.references Lilien, G. L. (2016). The B2B knowledge gap. International Journal of Research in Marketing, 33(3), 543–556. es_ES
dc.description.references Lundvall, B. A. (1992). National systems of innovation: Towards a theory of innovation and interactive learning. London: Pinter. es_ES
dc.description.references Maine, E. M., Shapiro, D. M., & Vining, A. R. (2010). The role of clustering in the growth of new technology-based firms. Small Business Economics, 34, 127–146. es_ES
dc.description.references Marcu, S. (2016). Learning mobility challenging borders: Cross-border experiences of eastern European immigrants in Spain. Mobilities, 11(3), 343–361. es_ES
dc.description.references Miller, W. M. (1999). Lessons from Silicon Valley and what they mean for your company. Discussion paper. Stanford University. es_ES
dc.description.references Ndofor, H. A., & Priem, R. L. (2011). Immigrant entrepreneurs, the ethnic enclave strategy, and venture performance. Journal of Management, 37(3), 790–818. es_ES
dc.description.references Polzin, F., Sanders, M., & Stavlöt, U. (2018). Do investors and entrepreneurs match? – Evidence from the Netherlands and Sweden. Technology Forecasting and Social Change, 127, 112–126. es_ES
dc.description.references Portes, A., Guarnizo, L. E., & Haller, W. J. (2002). Transnational entrepreneurs: An alternative form of immigrant economic adaptation. American Sociological Review, 68, 278–298. es_ES
dc.description.references Puri, M., & Zarutskie, R. (2008). On the lifecycle dynamics of venture-capital- and non-venture-capital-financed firms. CES Working Paper, 08–13. es_ES
dc.description.references Ram, M., Theodorakopoulos, N., & Jones, T. (2008). Forms of capital, mixed embeddedness and Somali enterprise. Work, Employment and Society, 22(3), 427–446. es_ES
dc.description.references Rodríguez-Pose, A., & Crescenzi, R. (2008). Research and development, spillovers, innovation systems, and the genesis of regional growth in Europe. Regional Studies, 42(1), 51–67. es_ES
dc.description.references Rusinovic, K. (2008). Transnational embeddedness: Transnational activities and networks among first and second-generation immigrant entrepreneurs in the Netherlands. Journal of Ethnic and Migration Studies, 34(3), 431–451. https://doi.org/10.1080/13691830701880 . es_ES
dc.description.references Samila, S., & Sorenson, O. (2011). Venture capital, entrepreneurship, and economic growth. The Review of Economics and Statistics, 93(1), 338–349. es_ES
dc.description.references Sarasvathy, S. D. (2001). Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26(2), 243–263. es_ES
dc.description.references Sarasvathy, S. D., Menon, A. R., & Kuechle, G. (2013). Failing firms and successful entrepreneurs: Serial entrepreneurship as a temporal portfolio. Small Business Economics, 40, 417–434. es_ES
dc.description.references Saxenian, A. (1994). Regional advantage: Culture and competition in Silicon Valley and route 128. Cambridge: Harvard Business Press. es_ES
dc.description.references Saxenian, A. (1999). Silicon Valley’s new immigrant entrepreneurs: Local and global networks. Paper presented at a/PARC seminar. Stanford University. es_ES
dc.description.references Saxenian, A. (2002). Silicon Valley’s new immigrant high-growth entrepreneurs. Economic Development Quarterly, 16(1), 20–31. es_ES
dc.description.references Saxenian, A. (2006). The new Argonauts: Regional advantage in a global economy. Cambridge: Harvard University Press. es_ES
dc.description.references Schiller, N. G., Basch, L., & Blanc, C. S. (1995). From immigrant to transmigrant: Theorizing transnational migration. Anthropological Quarterly, 68(1), 48–63. es_ES
dc.description.references Sequeira, J., Carr, J., & Rasheed, A. (2009). Transnational entrepreneurship: Determinants of firm type and owner attributions of success. Entrepreneurship Theory and Practice, 33(5), 1023–1044. https://doi.org/10.1111/j.1540-6520.2009.00333.x . es_ES
dc.description.references Shane, S., & Khurana, K. (2003). Career experience and firm founding. Industrial and Corporate Change, 12(3), 519–544. es_ES
dc.description.references Stenholm, P., Acs, Z. J., & Wuebker, R. (2013). Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity. Journal of Business Venturing, 28, 176–193. es_ES
dc.description.references Ucbasaran, D., Westhead, P., & Wright, M. (2008). Habitual entrepreneurs. In M. Casson, B. Yeung, A. Basu, & N. Wadeson (Eds.), The Oxford Handbook of Entrepreneurship (461–483). Oxford: Oxford University Press. es_ES
dc.description.references Veciana, J., & Urbano, D. (2008). The institutional approach to entrepreneurship research. Introduction. International Entrepreneurship and Management Journal, 4(4), 365–379. es_ES
dc.description.references Wong, L. L., & Ng, M. (2002). The emergence of small transnational Enterprise in Vancouver: The case of Chinese entrepreneur immigrants. International Journal of Urban and Regional Research, 26(3), 508–530. https://doi.org/10.1111/1468-2427.00396 . es_ES
dc.description.references Whörl, R., Hüsig, R., Dowling, M. (2009). The interaction of R&D intensity and firm age: empirical evidence from technology-based growth companies in the German "Neuer Markt. The Journal of High Technology Management Research. 20, 19–30 es_ES
dc.description.references Wright, M., Liu, X., Buck, T., & Filatotchev, I. (2008). Returnee entrepreneurs, science park location choice and performance: An analysis of high-technology SMEs in China. Entrepreneurship Theory and Practice, 32(1), 131–155. es_ES
dc.description.references Zhou, M. (2004). Revisiting ethnic entrepreneurship: Convergencies, controversies, and conceptual Advancements1. International Migration Review, 38(3), 1040–1074. es_ES


Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem