The business angels’ perspective on evaluating early stage start-ups
(2015) ENTN19 20151Department of Business Administration
- Abstract
- The process of evaluating early stage start-ups is often considered a great challenge from the perspective of a business angel. The main concern of this study is to investigate the methods that business angels use to evaluate early stage start-ups and which, if any, methods are used for the final valuation. The lack of previous theoretical research on the valuation methods of business angels and early stage start-ups, is the main reason for analysing the topic. The aim of our study is to identify a common framework that business angels use for evaluating start-ups in the early stages. In addition, the research focuses on the detection of influential factors and methods of the different process phases. This study provides in-depth research... (More)
- The process of evaluating early stage start-ups is often considered a great challenge from the perspective of a business angel. The main concern of this study is to investigate the methods that business angels use to evaluate early stage start-ups and which, if any, methods are used for the final valuation. The lack of previous theoretical research on the valuation methods of business angels and early stage start-ups, is the main reason for analysing the topic. The aim of our study is to identify a common framework that business angels use for evaluating start-ups in the early stages. In addition, the research focuses on the detection of influential factors and methods of the different process phases. This study provides in-depth research using a qualitative approach and verbal protocol analysis based on a fictional study case that was administered in four interviews with business angels from Sweden. The result of the study is a developed framework which business angels use when evaluating early stage start-ups. The study presents a set of factors that influence the evaluation process and specify certain models that are applicable for valuating early stage start-ups. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/7410390
- author
- Gostincar, Grega LU and Sinnegger, Stefan LU
- supervisor
-
- Gustav Hägg LU
- organization
- course
- ENTN19 20151
- year
- 2015
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- valuation methods, evaluation framework, early stage start-ups, financing, Business angels
- language
- English
- id
- 7410390
- date added to LUP
- 2015-06-25 14:46:35
- date last changed
- 2015-06-25 14:46:35
@misc{7410390, abstract = {{The process of evaluating early stage start-ups is often considered a great challenge from the perspective of a business angel. The main concern of this study is to investigate the methods that business angels use to evaluate early stage start-ups and which, if any, methods are used for the final valuation. The lack of previous theoretical research on the valuation methods of business angels and early stage start-ups, is the main reason for analysing the topic. The aim of our study is to identify a common framework that business angels use for evaluating start-ups in the early stages. In addition, the research focuses on the detection of influential factors and methods of the different process phases. This study provides in-depth research using a qualitative approach and verbal protocol analysis based on a fictional study case that was administered in four interviews with business angels from Sweden. The result of the study is a developed framework which business angels use when evaluating early stage start-ups. The study presents a set of factors that influence the evaluation process and specify certain models that are applicable for valuating early stage start-ups.}}, author = {{Gostincar, Grega and Sinnegger, Stefan}}, language = {{eng}}, note = {{Student Paper}}, title = {{The business angels’ perspective on evaluating early stage start-ups}}, year = {{2015}}, }