This paper addresses various financial issues of relevance in the context of knowledge-intensive entrepreneurship. The study can be seen as an empirical test of parts of a theoretical framework previously developed which aims at identifying and explaining some of the key factors affecting the survival and preliminary growth of new ventures in high-tech and knowledge-intensive sectors. The paper builds in part upon existing literature on venture capital, theory on risk and trust and network theory. The results document that high variation on several dimensions can be found across the two sectors investigated (IT and life sciences). In closing, the paper briefly touches upon implications for policy makers, investors and business managers and for research.
Proceedings of the Lok Research Conferene (vol. 2), 2001