Determinants of the exit value in European venture capital-backed technology startups

Purpose This study aims to analyze the impact of different exit alternatives, investor presence and founders’ human capital on the exit value of European venture capital (VC)-backed high technology startups. Design/methodology/approach The empirical analysis is based on a sample of 107 European firms that obtained an exit through Merger&Acquisition (M&A) or an initial public offering (IPO) between 2010 and 2017, backed by VC investors. Findings This study provides empirical evidence on how different exit alternatives, investor heterogeneity and founders’ human capital may affect the exit value of European VC-backed startups. Exiting through an IPO and retaining a larger equity stake are positively correlated with the exit value. The presence of business angels and non-governmental VC firms is associated with larger valuations. Founders’ previous education was positively correlated with the exit value. Originality/value Exit strategies in technology startups are essential to capitalize investors’ efforts and reinvest cash into new ventures, supporting the development of entrepreneurial ecosystems and countries’ competitiveness. The results of this study provide interesting hints for policymakers and contribute to an in-depth understanding of the drivers of exit valuation for startups.

Introduction of Financial Technologies in Digital Banking

Presently, the whole world is concerning about digitalization that has affected all areas of people's lives, and financial sector is no exception. Today, Financial Technology (FinTech) is recognized as one of the most important and rapidly evolving innovations in the financial industry. FinTech has promised that technology startups will reduce costs, improve financial services quality and create a more diverse and sustainable financial outlook. Fintech services are indispensable part of every single financial products and services. In this regards, it is of great importance to consider carefully their services in banking system and opportunities provided by them in, which is the main subject of this article. Keywords: financial technologies, digital banking, digital economy.

Cash Waqf As Source Of Funding For Financial Technology Startups

Productive management of cash waqf can be used as a new strategy to alleviate poverty and create prosperity for the community if it is managed properly and properly and can support economic stability. Cash waqf opens up unique opportunities to create investment to provide religious services, educational services and social services. Cash waqf is very potential but not popular, causing the role of cash waqf not yet optimal. Cash waqf in Indonesia has been legalized by national law and MUI. This is a positive opportunity to develop the economy, education and become a better instrument of community welfare, but there is still little understanding of the importance of cash waqf for development so that a stimulus is needed so that cash waqf management can be developed productively supported by financial technology, in the economic era 4.0 the majority of the use of digitizing economy, endowment money is used as capital for businesses, especially for companies with the ultimate goal of business empowerment community for are generally SMEs and companies startup through platform crowdfunding.

The Value of Data Driven and Human Centered Approaches in Legal Technology Startups

Through interviews, this research investigated the business logic of two legal technology (legal tech) startup companies and revealed the crucial value of human-centered thinking for technological innovation. In this research, the social values of technological innovation are described from the humanistic perspective. Based on the practical achievements of the companies, a new humanistic dimension was verified, which involved combining technological innovation and a human-centered path and adopting altruistic thinking, which was of great value in traditional thinking. Such practice contributed to the companies' achievements and carried profound significance to artificial intelligence (AI) development in the age of big data. Moreover, incorporating human-centered into businesses is crucial in controlling the use of AI to prevent the possible social destruction caused by AI applications. This research maintains that an approach combining data-driven and human-centered thinking is based on technological advances and social influences.

Refining the referral process: Increasing diversity for technology startups through targeted recruitment, screening and interview strategies

Purpose In this paper, the author will help technology startups consider the importance of diversifying their teams. Since over 90% of startups fail, and most within the first three years, understanding the importance of team makeup can improve the viability of an organization. This paper aims to offer steps startups can make to increase their team’s diversity. Design/methodology/approach The author draws upon research about startup successes and failures as well as best practices in diversity and inclusion. Findings Through strategic steps to improve the referral, screening and interview process startups can diversify their teams and create better business outcomes. Practical implications If startups do not make an effort early on to hire diverse talent they may risk failure of their organization. Originality/value Diversity is more important than ever, and startups sometimes consider this step too late. This paper will offer steps that can be taken early on and with no cost to the team, with benefits that will be long-lasting.

EVALUATING CORPORATE-STARTUP CO-CREATION: A CRITICAL REVIEW OF THE LITERATURE

Partnership with startups offers large firms knowledge about, and access to new technologies. Incumbents’ emphasis on corporate-startup collaboration has therefore reached a new level and various models for corporate-startup collaboration can now be found among large enterprises. “Co-creation” between large firms and technology startups, is one of these models that increases in traction. The model is, however, under-researched and research on frameworks and metrics for evaluating the business effects from corporate-startup co-creation is scarce. The purpose of this paper is therefore to extend the existing body of knowledge by investigating frameworks and metrics for evaluating corporate-startup “co-creation” and to suggest a framework for evaluation of corporate-startup co-creation programs. A literature review on identified frameworks and metrics is presented, covering research findings on evaluation models for corporate-startup collaboration. The main finding in this paper is a “multi-stakeholder framework” for evaluating the collaboration’s results in corporate-startup co-creation models.