We analyze a sample of European high-tech entrepreneurial firms that received bank venture capital (BVC) financing between 1994 and 2004. We employ a “two-step” matching procedure in order to build a control group composed of (1) comparable firms that received venture capital financing from...

We analyze a sample of European high-tech entrepreneurial firms that received bank venture capital (BVC) financing between 1994 and 2004. We employ a “two-step” matching procedure in order to build a control group composed of i) comparable firms that received venture capital financing from...

We explore the switching dynamic between entrepreneurs and their lead venture capital investors (VCs) with a specific attention to the typology of venture capital funds. In particular, we concentrate on the switching that occurs from a lead independent VC investor (IVC) to a governmental VC...