Unlocking funding success: intercultural entrepreneurship dynamics in European startups

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Unlocking funding success: intercultural entrepreneurship dynamics in European startups

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Unlocking funding success: intercultural entrepreneurship dynamics in European startups

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL

ISSN

1554-7191

e-ISSN

1555-1938

Svazek periodika

21

Číslo periodika v rámci svazku

14 November 2024

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

31

Strana od-do

1-31

Kód UT WoS článku

001354727800001

EID výsledku v databázi Scopus

2-s2.0-85209144341