This paper addresses important financial aspects during the formation of knowledge-intensive entrepreneurship. A number of ex ante derived hypotheses are submitted to an empirical test to identify and explain some of the key financial factors affecting the survival and first 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. The results document that high variation on several dimensions can be found across the two sectors investigated (IT and life sciences).
International Journal of Management, 2003, Vol 20, Issue 4, p. 548-556