InnovationAfrica

Shaping the Future Today


Learning patterns in venture capital investing in new industries

close up view of a hand holding bank notes

Using an organizational learning perspective, we link the decision by () firms to invest early in a new high-technology industry to three experiential learning mechanisms: the familiarity associated with accumulation of early funding decisions, the shaping or imprinting effect of the ’s very first such decision, and the decay or “forgetting” associated with the dormancy of prior such decisions. We find support for these learning patterns using data on the investments made by US firms between 1962 and 2004.

Go to Source

p5rn7vb
Tags: , ,

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>