QUT ePrints

Exploring investor readiness: assessments by entrepreneurs and investors in Australia

Douglas, Evan J. & Shepherd, Dean (2002) Exploring investor readiness: assessments by entrepreneurs and investors in Australia. Venture Capital, 4(3), pp. 219-236.

View at publisher

Abstract

Entrepreneurs often submit crude business plans to potential investors and are frequently disappointed when the investor decides that the new venture is not yet ‘investment ready’. This paper examines the nature of investor readiness and the differing perceptions of investor readiness by entrepreneurs relative to venture capitalists in Australia. It is found that when the assessments of each investor readiness dimension are combined they are related to the venture capitalists’ intuitive (gut) assessments; that new ventures are perceived to be more marketing and management ready than technology ready; and investors and entrepreneurs differ in their perception of readiness (technology, market, management and overall).

Impact and interest:

Citation countsare sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

ID Code: 5528
Item Type: Journal Article
Additional Information: For more information, please refer to the journal’s website (see link) or contact the author. Author contact details: evan.douglas@qut.edu.au
Keywords: Douglas, E, investor readiness, venture capital, new venture risk, business plans
DOI: 10.1080/13691060213713
ISSN: 1464-5343
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Banking Finance and Investment not elsewhere classified (150299)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Small Business Management (150314)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2002 Taylor & Francis
Copyright Statement: First published in Venture Capital 4(3):pp. 219-236.
Deposited On: 18 Dec 2006
Last Modified: 11 Aug 2011 03:25

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page