Keys to success in investment rounds by immigrant entrepreneurs in Silicon Valley

This study presents an updated diagnosis of the SV ecosystem itself and offers an insight into the entrepreneurial mobility trends prospects and expectations of the growing number of start-ups launched by immigrant entrepreneurs arriving in SV. The purpose is to determine and rank the attributes mos...

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Bibliographic Details
Published in:International entrepreneurship and management journal 2019-12, Vol.15 (4), p.1153-1177
Main Authors: Yagüe-Perales, Rosa M., Perez-Ledo, Pau, March-Chordà, Isidre
Format: Article
Language:English
Subjects:
Business and Management
Economic impact
Emerging Markets/Globalization
Entrepreneurs
Entrepreneurship
Management
Noncitizens
Startups
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Summary:This study presents an updated diagnosis of the SV ecosystem itself and offers an insight into the entrepreneurial mobility trends prospects and expectations of the growing number of start-ups launched by immigrant entrepreneurs arriving in SV. The purpose is to determine and rank the attributes most valued by investors when assessing projects and start-ups founded by immigrant entrepreneurs. The model of analysis composed by three hypotheses leads to a series of findings about the profile and expectations of the immigrant entrepreneurs, and reveals remarkable hints and key targets to be met by immigrant entrepreneurs in SV in order to successfully close investment rounds in a hypercompetitive environment. The study discloses the low impact of the founder’s profile as a driver of external investment. A key conclusion states that Venture Capitalists and Business Angels in the top-ranked entrepreneurial ecosystem are primarily led by factors linked to the competitive environment and the product development process, along with the traditional performance indicators: revenue and profitability.
ISSN:1554-7191
1555-1938
DOI:10.1007/s11365-019-00588-3