6533b833fe1ef96bd129c43e

RESEARCH PRODUCT

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

Isidre March-chordaRosa M. Yagüe-peralesPau Pérez-ledo

subject

EntrepreneurshipECONOMIA APLICADAbusiness.industrySilicon ValleySuccess05 social sciencesÈxitVenture capitalEntrepreneursInvestment (macroeconomics)Management Information SystemsInvestigacióOrder (exchange)Management of Technology and InnovationImmigrants0502 economics and businessNew product developmentRevenue050211 marketingProfitability indexPerformance indicatorMarketingInvestmentbusiness050203 business & management

description

[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.

yearjournalcountryeditionlanguage
2019-01-01
10.1007/s11365-019-00588-3https://hdl.handle.net/10550/86014