scholarly journals The Crowdfunding: A New Financial Instrument for the Start-Ups?

2018 ◽  
Vol 13 (11) ◽  
pp. 199
Author(s):  
Marina Damilano ◽  
Cristina Rovera
Keyword(s):  
Life Cycle ◽  
Added Value ◽  
International Level ◽  
Financial Instrument ◽  
First Semester ◽  
National Regulation ◽  
The Public ◽  
Start Up ◽  
Legal Document ◽  
Start Ups

Start-ups are new businesses, which need a good amount of equity to finance investments. Crowdfunding is an alternative instrument to collect money. It does not need the intervention of a bank, but allows to obtain the funds directly from the public by network platforms. This article focuses on the possibility for a start-up to raise capital through crowdfunding. The argument is quite known on an international level, even if scholars often focus on specific problems or on particular moments of the life cycle of the start-up. On the contrary, the two arguments are really new in Italy. The Italian crowdfunding market is young – the main increase in the platforms number (+63%) is between 2013 and 2014 - and the national regulation which allows to finance start-ups by crowdfunding is even more recent (latest legal document in 2017). The novelty of the topic explains the added value of this article. To the best of our knowledge, no previous study focused on the Italian start-ups financed by crowdfunding. We analyze the phenomenon from the birth of the different platforms (2005 for the first one) since the end of the first semester 2018.

Exploring the role of business relationships in start-ups’ life cycles

IMP Journal ◽  
2018 ◽  
Vol 12 (3) ◽  
pp. 519-543
Author(s):  
Chiara Cantù ◽  
Sepe Giorgia ◽  
Alessandra Tzannis
Keyword(s):  
Life Cycle ◽  
Secondary Data ◽  
Life Cycles ◽  
Business Relationships ◽  
Structured Interviews ◽  
Content Type ◽  
Strategic Resources ◽  
Start Up ◽  
Start Ups

Purpose Differently from previous works that focused on the entrepreneur and on his ability to manage social relationships, the purpose of this paper is to investigate the role of business relationships in the different stages of the life cycle of a start-up. Design/methodology/approach Since the paper aims to explore startups’ evolutionary phenomenon, it adopts a qualitative abductive methodology, presenting an in-depth study of two innovative Italian start-ups. The research is based on two steps. In the first one, the authors collected secondary data from start-ups’ reports and documents, financial indicators (when available) and processed them to understand their background. In the second one, the authors conducted ten semi-structured interviews, including face-to-face interviews, phone interviews and video conferences. Findings The paper presents a relationship-based life cycle model composed of four different stages, depending on the number and role of relationships developed. Indeed, since the beginning, start-ups adopt a relational approach and their evolution involves the shift from the focus on the entrepreneur to the centrality of a network approach based on interconnected relationships. The entering into a new stage of life cycle depends on relationships, mainly based on connected actors and resources shared and combined. Even if a key role is assumed by technology, the main resource is identified in the knowledge concerning the customer/user’s needs that require marketing competencies, human resources, relational capabilities. Thus, the shift from one stage to the next in the start-up’s life cycle is possible thanks to a parallel shift from a focus on the activities to a focus on those strategic and heterogeneous actors that ensure activities. Originality/value In a traditional perspective, the start-up’s life cycle depends on activities, financial resources and revenues, as stated by previous life cycle models. In a different perspective, as depicted in our analysis, the evolution of a start-up depends on the portfolio of their business relationships. The role of business relationships is hence to facilitate the interconnections within specialized key actors, which allow start-ups to access strategic resources. These resources are essential in order to develop the activities that characterize the specific stage of the life cycle.

scholarly journals Israeli start-ups – especially in cyber security: Can a new model enhance their survival rate?

2018 ◽  
Vol 8 (1) ◽  
Author(s):  
Avner Barnea
Keyword(s):  
Cyber Security ◽  
Significant Contribution ◽  
External Environment ◽  
Added Value ◽  
Analytical Models ◽  
New Model ◽  
Start Up ◽  
Review Model ◽  
Start Ups ◽  
Israeli Economy

Start-up companies are the fastest growing business in Israel. However, half of them do not last through their fourth year. This paper looks into the issue of the power of Israeli start-ups to survive and to become successful companies. The challenge is to seek new directions, which will help this sector to change this disappointing course. The start-up sector has a significant contribution to the strength of the Israeli economy which leans on its intellectual resources. Based on my continuing consulting in implementing competitive intelligence to local Israeli start-ups and further research that I have done by following closely the added value of developing capabilities, which enable better understanding of the external environment, I have found that one of the main causes of the high percentage of failures of Israeli start-ups is the difficulties in comprehending the competitive landscape, which has a significant contribution to making them less competitive. By using a new model, the competitive review model, which considers the special attributes of start-ups, especially in cyber security, this kind of small company can be better prepared for intense competition. This is in addition to the Lean start-up model, which is not executed in this segment in Israel and faces serious resistance based mainly on opposition to unfamiliar input. Based on combining the new competitive review model with existing analytical models, a few local start-ups' executives have already matured by awareness about the value of sensing the external environment, which have the potential to change the course of at least some of the Israeli start-ups and increase the success rate for this sector. 

What do Indonesian start-ups communicate during the COVID-19 pandemic?

2022 ◽  
pp. 1329878X2110684
Author(s):  
Jandy Luik
Keyword(s):  
Qualitative Study ◽  
Human Values ◽  
Media Content ◽  
Mutual Assistance ◽  
The Public ◽  
Start Up ◽  
The Media ◽  
The Right ◽  
Start Ups ◽  
The Impact

This article aims to explore the media content during the COVID-19 pandemic. It focuses on the pandemic-handling videos released by start-up companies in Indonesia through their official YouTube accounts. As start-ups were also experiencing the impact of the pandemic, one of their biggest challenges was to communicate optimistic messages to the public with the right content and context. Therefore, this article examines the contents of the videos released by start-up companies during the COVID-19 pandemic in Indonesia. Drawing from the data collected between March and December 2020, this qualitative study finds four inspirational media themes: ‘ we all are affected by the pandemic’, the appearance of human values, presenting action taken, and optimistic expressions. Further, this article discusses the arrangement of inspirational statements and acts of empathy, which are predominantly mixed with brand identities and echo the value of gotong royong (mutual assistance).

Designing Creative Spaces for Idea Generation and Start-up Experiments

2013 ◽  
Vol 27 (1) ◽  
pp. 9-14 ◽  
Author(s):  
Martin Curley ◽  
Piero Formica
Keyword(s):  
Value Creation ◽  
Social Innovation ◽  
Idea Generation ◽  
Ecosystem Approach ◽  
Added Value ◽  
Tertiary Sector ◽  
The Public ◽  
Start Up ◽  
Primary Focus

The role of universities is changing. In the last century the primary focus of universities was on education and research, with the key goals of creating and diffusing information and knowledge. A third and equally important role is now emerging, with its accompanying expectations and responsibilities – that of value creation. ‘Value’ in this context refers to both business value and societal value. With tertiary sector funding coming under increasing scrutiny, governments and the public alike are demanding more accountability and proof of added value from universities. A ‘university ecosystem’ approach can unleash much of the potential energy in universities and transform it into kinetic energy, with graduates emerging not just in a state of readiness to be employees, but often as highly motivated entrepreneurs with business or social innovation initiatives in flight. An ecosystem can be defined in this context as a network of interdependent organizations or people in a specific environment with partly shared perspectives, resources, aspirations and directions. This new form of positioning equates to what Etzkowitz (2004) and Andersson et al (2010) have called the ‘entrepreneurial university’.

A Start-Up’s R&D Stages and the Evolution of Financing Sources: Evidence from the Biotechnology Industry

2018 ◽  
Vol 8 (3) ◽  
Author(s):  
Hyunsung D Kang
Keyword(s):  
Life Cycle ◽  
Venture Capital ◽  
Biotechnology Industry ◽  
Phase Iii ◽  
Corporate Venture Capital ◽  
Entrepreneurial Finance ◽  
Life Cycle Theory ◽  
Start Up ◽  
Corporate Venture ◽  
Start Ups

AbstractThe co-existence of angel, independent venture capital (IVC), and corporate venture capital (CVC) in the entrepreneurial finance market raises a natural question of why a start-up finances its projects from one source over another. This question becomes more complicated to address because a start-up grows or declines dynamically. Using a life cycle theory of entrepreneurial finance, which suggests that a start-up uses several financing sources as it reaches certain thresholds in its life cycle accordingly, I explore this selection issue with my dataset on 113 biopharmaceutical start-ups. I find that these start-ups tend to finance their projects mostly from solely IVCs or CVCs rather than angels and syndicated investors combining IVCs and CVCs when they have more preclinical and phase I products in their R&D pipelines; and from CVCs or syndicated investors rather than angels and IVCs when they do more phase II and phase III products.

scholarly journals START-UPS – AN ELEMENT FOR ECONOMIC GROWTH AND INNOVATIVENESS

2018 ◽  
Vol 1 (10) ◽  
pp. 159
Author(s):  
Aija Vonoga
Keyword(s):  
Economic Growth ◽  
Scientific Literature ◽  
Regional Level ◽  
Main Aspect ◽  
Development Trends ◽  
Daily Work ◽  
The Public ◽  
Start Up ◽  
Start Ups ◽  
A Company

The theme of this paper is ,,Start-ups – an Element for Economic Growth and Innovativeness”. Start-ups are innovation of entrepreneurship and a lot of press, scientific literature have articles on this term.  In the paper, the author reviews available definitions for the concept of  ,,start-up’’ in the literature. The aim of the research is the identification of main aspects of term ,,start-up”  and determination, analysis of the term in accordance with the requirements of the modern entrepreneurship and its development trends. Tasks of the paper: to find out the term meaning and main aspects of the term ,,start-up”; to analyze the ,,start-up”  impact on entrepreneurship; to develop  conclusions and suggestions. The key results: the author concludes that the start-up is a company designed to scale very quickly, the main aspect of start-up is its ability to grow, focused on solving a problem, where the solution is not obvious and success is not guaranteed. In articles and papers on start-ups each author suggests an interpretation of the concept according to his/her view. The author suggests the start-up companies to create presentations, organize seminars at the regional level, to introduce the public, stakeholders with the main issues in daily work, in order to help new founders to develop the companies.

scholarly journals Analysis of the start-up environment in Wroclaw and the role of the urban infrastructure in development of innovation projects

2018 ◽  
Vol 78 ◽  
pp. 81-90
Author(s):  
Anna Brdulak
Keyword(s):  
Qualitative Research ◽  
Urban Infrastructure ◽  
Added Value ◽  
Development Agency ◽  
Quantitative And Qualitative Research ◽  
Start Up ◽  
Innovation Projects ◽  
Start Ups

The study aims to analyze the start-up environment in Wroclaw and describe the role of the infrastructure in the development of innovation ventures. In her deliberations, the author deploys both the quantitative and qualitative research carried out in the period between December 2016 and August 2017 in cooperation with the Wroclaw Agglomeration Development Agency, (Agencja Rozwoju Aglomeracji Wrocławskiej S.A., ARAW). The results of the research constitute added value as this is the first study in Poland dedicated exclusively to Wroclaw start-ups. The author hopes to continue her research, hence the obtained data is dynamic in its nature.

scholarly journals The study of the correspondence of marketing instruments to the stages of the start-up life cycle

2018 ◽  
Vol 239 ◽  
pp. 07004
Author(s):  
Svetlana Nikiforova
Keyword(s):  
Life Cycle ◽  
Empirical Study ◽  
Market Research ◽  
Empirical Studies ◽  
Digital Tools ◽  
Expert Interviews ◽  
Russian Market ◽  
The Sustainable Development ◽  
Start Up ◽  
Start Ups

The article is devoted to the results of an empirical study of the correspondence of market research methods and promotion tools to the stages of the life cycle of start-ups on the Russian market. The authors’ model of the life cycle of the start-up, consisting of eight stages, is grounded. The authors present the results of an empirical study, consisting of expert interviews and a quantitative survey. A model for the correspondence of marketing instruments to the stages of the life cycle of a start-up is compiled. It is proved that in the process of development of a start-up, the number of marketing instruments used (especially digital tools) should increase at every stage of its life cycle. Based on the results of a desk and empirical studies, a system of criteria and a tool for assessing the sustainable development of a startup at various stages of its life cycle are proposed.

The life expectancy of tech start-ups in India: what attributes impact tech start-ups' failures?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ganesaraman Kalyanasundaram ◽  
Sitaram Ramachandrula ◽  
Bala Subrahmanya Mungila Hillemane
Keyword(s):  
Life Cycle ◽  
Life Expectancy ◽  
Emerging Economy ◽  
Primary Data ◽  
Content Type ◽  
Considerable Uncertainty ◽  
Life Cycle Stages ◽  
Start Up ◽  
Start Ups ◽  
Practical Implications

PurposeEntrepreneurs nurture their ambitions of founding tech start-ups that facilitate significant innovations despite vulnerability and considerable uncertainty by resolutely addressing multiple challenges to avert failures. The paper aims to answer how soon do tech start-ups fail, given their lifecycle comprising multiple stages of formation and what attributes hasten failure of tech start-ups over their lifecycle? These questions have not been answered adequately, particularly in the context of India's emerging economy, where an aspiring start-up ecosystem is striving to flourish at an exceptional rate.Design/methodology/approachThe study addressed two specific objectives: (1) Does life expectancy vary between life-cycle stages? and (2) What attributes impact tech start-ups' failures? Primary data were gathered from 151 cofounders (101 who have experienced failure and 50 who are successful and continuing their operations) from India's 6 leading start-up hubs. The survival analysis techniques were used, including non-parametric Kaplan–Meier estimator, to study the first objective and semi-parametric Cox proportional hazard regression to explore the second objective.FindingsThe survival probability log-rank statistics ascertain that life expectancy is different across the life-cycle stages, namely emergence, stability and growth. The hazard ratios (HRs) throw light on attributes like stage, revenue, conflict with investors, number of current start-ups, cofounder experience, level of confidence (LoC) and educational qualifications as the key attributes that influence start-up life expectancy over its lifecycle.Practical implicationsThe empirical study on tech start-ups' life expectancy has practical implications for entrepreneurs and investors besides guiding the ecosystem's policymakers. First, the study helps entrepreneurs plan for resources and be aware of their start-up journey's potential pitfalls. Second, the study helps investors to establish the engagement framework and plan their future funding strategy. Third, the study helps policymakers to design and establish progressive support mechanisms that can prevent a start-up's failure.Originality/valueFirst and foremost, start-up life expectancy study by life-cycle stages provide detailed insights on start-ups' failures. The theoretical framework defined is replicable, scalable and distinctly measurable for studying the start-up failure phenomenon. The life expectancy of tech start-ups by life-cycle stage is a critical empirical contribution. Next, the attributes impacting start-up life expectancy are identified in the context of an emerging economy.

HOW DID BANGALORE EMERGE AS A GLOBAL HUB OF TECH START-UPs IN INDIA? ENTREPRENEURIAL ECOSYSTEM — EVOLUTION, STRUCTURE AND ROLE

2017 ◽  
Vol 22 (01) ◽  
pp. 1750006 ◽  
Author(s):  
MH BALA SUBRAHMANYA
Keyword(s):  
Life Cycle ◽  
Technology Entrepreneurship ◽  
Entrepreneurial Ecosystem ◽  
Policy Makers ◽  
Start Up ◽  
The World ◽  
Ecosystem Evolution ◽  
Start Ups ◽  
Shed Light

Of late, technology entrepreneurship and ecosystem for technology based start-ups are attracting the attention of policy makers and empirical researchers alike, across the world. In India, Bangalore has been receiving increased global recognition as a tech start-up hub; as of now, Bangalore is considered to be the home for the largest number of tech start-ups in the country and third largest in the world. An important factor that contributed to this “status and recognition” of Bangalore is the emergence of a unique entrepreneurial ecosystem, which supports and promotes tech start-ups. Given this, it is important to understand how a favorable entrepreneurial ecosystem for tech start-ups emerged in Bangalore. What are its major components? What role do these components play in different stages of the life cycle of tech start-ups in Bangalore? How mature is the ecosystem of Bangalore to support the emergence, sustenance and growth of tech start-ups to nurture them? What are the key lessons that can be derived out of the Bangalore tech hub experience? This article is an attempt to shed light on these issues.

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