Investment Cycles and Startup Innovation.

Nanda, R., & Rhodes-Kropf, M. (2013). Investment Cycles and Startup Innovation. Journal of Financial Economics, 110(2), 403-418.

Type

Journal article

Intellectual base

Primary research

Year

2013

DOI

10.1016/j.jfineco.2013.07.001

Link

https://doi.org/10.1016/j.jfineco.2013.07.001

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Uncertainty-Driven Verification Premium
  • Funding and venture capital. Funders favour established investigators and incremental projects under fiscal stress, and pre-revenue rounds become much harder to raise in downturns.

    This sourceShows venture investors fund riskier, more novel early-stage startups in hot markets and retreat toward safer, more incremental bets in cold ones — the venture-side flight to quality that strands pre-revenue rounds in downturns.

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