Matches in SemOpenAlex for { <https://semopenalex.org/work/W2914971581> ?p ?o ?g. }
Showing items 1 to 54 of
54
with 100 items per page.
- W2914971581 abstract "Founders of startups sometimes sue their firm’s venture capital investors (VCs) for forcing the firm to accept follow-on financing from these same VCs at artificially low valuations, diluting the founders. However, there is no evidence on whether VCs systematically use such “inside” rounds – rounds negotiated and financed by the firm’s existing VCs rather than by a new “outside” VC – to dilute founders. Using a hand-collected dataset of 90 follow-on rounds in 45 VC-backed firms, we find very little evidence that VCs use inside rounds to dilute founders. Indeed, the contractual terms and economic returns of inside rounds are typically less favorable to VCs than in outside rounds. Our findings suggest that VCs generally prefer follow-on rounds to be led by outside VCs, and only resort to inside rounds when they are unable to persuade outside VCs to invest in the firm." @default.
- W2914971581 created "2019-02-21" @default.
- W2914971581 creator A5052155280 @default.
- W2914971581 creator A5084340318 @default.
- W2914971581 date "2009-01-01" @default.
- W2914971581 modified "2023-09-27" @default.
- W2914971581 title "Do VCs Use Inside Financing to Dilute Founders?" @default.
- W2914971581 cites W1489715817 @default.
- W2914971581 cites W1966598925 @default.
- W2914971581 cites W2023245676 @default.
- W2914971581 cites W2031877412 @default.
- W2914971581 cites W2079685316 @default.
- W2914971581 cites W2105738429 @default.
- W2914971581 cites W2114279083 @default.
- W2914971581 cites W2118455671 @default.
- W2914971581 cites W2171247542 @default.
- W2914971581 cites W3121172470 @default.
- W2914971581 cites W3121865524 @default.
- W2914971581 cites W3122371828 @default.
- W2914971581 cites W3124027873 @default.
- W2914971581 cites W3124707302 @default.
- W2914971581 cites W3124826221 @default.
- W2914971581 cites W3125429822 @default.
- W2914971581 cites W3125660378 @default.
- W2914971581 cites W3146692618 @default.
- W2914971581 doi "https://doi.org/10.2139/ssrn.1442524" @default.
- W2914971581 hasPublicationYear "2009" @default.
- W2914971581 type Work @default.
- W2914971581 sameAs 2914971581 @default.
- W2914971581 citedByCount "1" @default.
- W2914971581 crossrefType "journal-article" @default.
- W2914971581 hasAuthorship W2914971581A5052155280 @default.
- W2914971581 hasAuthorship W2914971581A5084340318 @default.
- W2914971581 hasConcept C10138342 @default.
- W2914971581 hasConcept C144133560 @default.
- W2914971581 hasConceptScore W2914971581C10138342 @default.
- W2914971581 hasConceptScore W2914971581C144133560 @default.
- W2914971581 hasLocation W29149715811 @default.
- W2914971581 hasOpenAccess W2914971581 @default.
- W2914971581 hasPrimaryLocation W29149715811 @default.
- W2914971581 hasRelatedWork W2004580798 @default.
- W2914971581 hasRelatedWork W2051944322 @default.
- W2914971581 hasRelatedWork W2365347425 @default.
- W2914971581 hasRelatedWork W2387212527 @default.
- W2914971581 hasRelatedWork W2750896665 @default.
- W2914971581 hasRelatedWork W2903749241 @default.
- W2914971581 hasRelatedWork W2907801947 @default.
- W2914971581 hasRelatedWork W2987740169 @default.
- W2914971581 hasRelatedWork W648876851 @default.
- W2914971581 hasRelatedWork W2187559042 @default.
- W2914971581 isParatext "false" @default.
- W2914971581 isRetracted "false" @default.
- W2914971581 magId "2914971581" @default.
- W2914971581 workType "article" @default.