Format:
1 Online-Ressource (116 Seiten)
Edition:
1st ed
ISBN:
9783031337086
Series Statement:
Business Guides on the Go Series
Note:
Description based on publisher supplied metadata and other sources
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Intro -- Book Abstract -- Contents -- About the Authors -- Chapter 1: The Imperative of Private Equity in Start-up Financing in Germany -- 1.1 No Equity, No Innovation -- 1.2 The Role of Venture Capital -- 1.3 Research Gap in Start-up Financing -- 1.4 Objectives of the Book -- 1.5 Methodological Approach -- 1.6 Plan of the Book -- References -- Chapter 2: The Nature and Characteristics of Start-ups -- 2.1 Start-ups Versus Conventional Firms -- 2.2 Start-up Characteristics -- 2.3 Financing Start-ups -- 2.4 Life Cycle and Financing Phases of Start-ups -- 2.4.1 Phase I: Early -- 2.4.1.1 Pre-seed -- 2.4.1.2 Seed -- 2.4.1.3 Start-up -- 2.4.2 Phase II: Expansion -- 2.4.3 Phase III: Late -- 2.4.4 Exit -- 2.5 Challenges Start-ups Face in Germany -- 2.6 Germany's Start-up Financing Environment -- 2.7 Germany's Off-Market Equity Financing Environment -- References -- Chapter 3: Digital Platform Start-ups -- 3.1 Going Digital: An Undeniable Reality -- 3.2 Qualifying Characteristics of Digital Platform Start-ups -- 3.3 Drivers of Digital Platform Start-ups -- 3.4 Digital Platform Trends -- 3.5 Digital Platform Start-ups: Four Cases -- 3.5.1 Wimdu: At the Mercy of a Strong Competitor -- 3.5.2 Monoqi: Stagnation and Investor Strife -- 3.5.3 Omio: Exponential Growth as a Financing Magnet -- 3.5.4 Medwing: The Indispensability of Innovativeness -- 3.6 Criterion for Digital Platform Start-up Success in Germany -- 3.7 Distinction Between Start-ups and Digital Platform Start-ups -- References -- Chapter 4: The Emergence of Entrepreneurial Ecosystems -- 4.1 Status Quo of Germany's Entrepreneurial Ecosystem -- 4.2 Agglomeration as a Necessary Condition -- 4.3 Transformation Via Start-up Networks -- 4.4 Inadequacies and Upcoming Challenges -- 4.5 German Federal Government's Initiatives -- 4.5.1 Fostering a Risk-Taking Culture
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4.5.2 Promoting Venture Capital Ecosystem in Germany -- 4.5.3 Zukunftsfond and Zukunfsfinanzierungsfond -- References -- Chapter 5: Private-Equity as Start-up Financing Source -- 5.1 Features of Private Equity -- 5.2 Status Quo of Private Equity in Germany -- 5.3 Impending and Upcoming Challenges -- 5.4 The Debate on Regulation -- 5.5 Private Equity Volume in Germany -- References -- Chapter 6: Venture Capital as Start-up Financing Source -- 6.1 The Beginnings of Venture Capital -- 6.2 Venture Capital Characteristics -- 6.3 Status Quo of Venture Capital in Germany -- 6.4 Expected Venture Capital Growth in Germany -- 6.5 Venture Capital Volume in Germany -- References -- Chapter 7: Venture Capital as a Subset of Private Equity -- 7.1 Structural Differences Between Private Equity and Venture Capital -- 7.2 Decision-Making Criteria in Private Equity -- 7.2.1 Stereotypical Target Company Approach -- 7.2.2 Non-stereotypical Basic Targeting Approach -- 7.2.3 Target Criteria Before Acquisition -- 7.2.4 Private Equity Investment Criteria -- 7.2.4.1 Finance -- 7.2.4.2 Strategy -- 7.2.4.3 Management -- 7.2.4.4 Product and Service -- 7.2.4.5 Additional Aspects -- 7.2.5 Venture Capital Investment Criteria -- 7.2.6 Financial Resource Crunch May Hamper Start-up Growth -- References -- Chapter 8: Research Design -- 8.1 Guided Expert Interview -- 8.2 Research Ethics -- 8.3 Research Questions and Hypotheses -- 8.4 Choice and Appraisal of Method -- 8.5 Methodological Approach -- 8.6 Selection of Experts -- 8.7 Interviewee Details -- 8.8 Guideline-Based Expert Interview -- 8.9 Data Preparation Based on Mayring's (2010) Content Analysis Method -- 8.10 Limitations of Employed Research Method -- References -- Chapter 9: Research Analyses and Results -- 9.1 Founding and/or Managing Team -- 9.1.1 Diversity of Team Skills, Tech-World Knowhow and Marketing
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9.1.2 Conviction of Idea and Founder/Team Drive -- 9.1.3 Sales Force and Process-Orientation -- 9.1.4 Multiple Founders, Clarity of Goal, and Ambition -- 9.1.5 Pitching Quality and Argumentative Efficiency as Vital to Seed Investors -- 9.1.6 Conclusion -- 9.2 Innovativeness -- 9.2.1 Uniqueness and Market Differentiation -- 9.2.2 Functionality of Business Idea -- 9.2.3 Business Model as a Solution -- 9.2.4 Patents and Buyer Power -- 9.2.5 Conclusion -- 9.3 Market Attractiveness -- 9.3.1 Value of the Online Market -- 9.3.2 Size of the Identified Market -- 9.3.3 Minimum Viable Product and Uncontested Markets -- 9.3.4 Potential Market Monopoly and Niche-Building -- 9.3.5 Conclusion -- 9.4 Financial Metrics -- 9.4.1 Business Plan as Nice-to-Have -- 9.4.2 Customer Acquisition as Key Metric -- 9.4.3 Customer Retention Rate and Key Account Management -- 9.4.4 Conclusion -- 9.5 Scalability -- 9.5.1 Scalability Enhances Valuation -- 9.5.2 Pace of Critical Mass -- 9.5.3 Exponential User Growth -- 9.5.4 Scalability as Founders' Attribute -- 9.5.5 Conclusion -- 9.6 Prominent Investor -- 9.6.1 Investors as Endorsers -- 9.6.2 Tier-1 Investors Enhance Start-up Competitiveness -- 9.6.3 Conclusion -- 9.7 Revenue Growth -- 9.8 Location -- References -- Chapter 10: Summary and Recommendations -- 10.1 Research Design Summary -- 10.2 Discussion of Results -- 10.2.1 Primary Criteria -- 10.2.2 Secondary Criteria -- 10.2.3 Tertiary Criteria -- 10.2.4 Non-criteria -- 10.2.5 Conclusion -- 10.3 Implications for Venture Capital Strategy -- 10.3.1 Skillset and Team Structure -- 10.3.2 Sales Mapping -- 10.3.3 Team Dynamics in Hardships -- 10.3.4 Dynamic Capabilities -- 10.3.5 Drive for Innovativeness -- 10.3.6 Elucidation of Unique Selling Proposition -- 10.3.7 Problem-Solving Approach -- 10.3.8 Indispensability of Online Market -- 10.3.9 Niche-Market Value
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10.3.10 Expected Customer Growth, Retention, and Churn Rate -- 10.3.11 Clarification of Scalability Potential -- 10.3.12 Track Record of Venture Capital Investor -- 10.3.13 Team-Building and Long-Term Skill-Planning -- 10.4 Implications for Research -- 10.5 Implications for General Practice -- References
Additional Edition:
Erscheint auch als Druck-Ausgabe Friesendorf, Cordelia Private Equity in Germany Cham : Springer,c2023 ISBN 9783031337079
Language:
English
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