Unlocking funding success: intercultural entrepreneurship dynamics in European startups
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F25%3AN0000021" target="_blank" >RIV/04130081:_____/25:N0000021 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/article/10.1007/s11365-024-01038-5" target="_blank" >https://link.springer.com/article/10.1007/s11365-024-01038-5</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11365-024-01038-5" target="_blank" >10.1007/s11365-024-01038-5</a>
Alternative languages
Result language
angličtina
Original language name
Unlocking funding success: intercultural entrepreneurship dynamics in European startups
Original language description
Within the dynamic landscape of international entrepreneurship and startup ecosystems, it is crucial to understand the factors that influence the ability of innovative startups’ in raising funds. This paper investigates the interplay between cultural characteristics, interculturality, and startup early-stage fundraising outcomes. The study leverages a dataset comprising 104 European innovative startups in pre-seed and seed stages sourced from Crunchbase. Employing a regression model, the authors establish a significant link between the value of equity raised, the number of investors, and cultural proxies within startup environments. Specifically, the focus lies on the cultural traits of startup founders, which significantly impact investment decisions. Findings reveal a strong correlation between a startup’s funding success and the support of investors, and this correlation is amplified when founders exhibit specific intercultural traits and draw from prior work experiences. These insights have far-reaching implications for researchers, practitioners, and policymakers seeking to unravel the intricacies of fundraising in an intercultural context. The paper uniquely examines how cultural factors shape the fundraising journey across short-term and long-term perspectives. By delving into the intercultural characteristics of founders, it sheds light on the decision-making processes of investors. It also offers important insights for startuppers, particularly in their strategic approach to fundraising. Ultimately, this research rejuvenates our understanding of international entrepreneurship and the global startup ecosystem.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL
ISSN
1554-7191
e-ISSN
1555-1938
Volume of the periodical
21
Issue of the periodical within the volume
14 November 2024
Country of publishing house
US - UNITED STATES
Number of pages
31
Pages from-to
1-31
UT code for WoS article
001354727800001
EID of the result in the Scopus database
2-s2.0-85209144341