Informal investors and value added: The contribution of investors’ experientially acquired resources in the entrepreneurial process
AbstractThis study explores the value added contribution of informal investors in the entrepreneurial process, something that up to date has received very limited attention. By analyzing the life experience and career background of four informal investors the study examines the personal resources these individuals build up and develop during their careers and how these experientially acquired resources facilitate the recognition and exploitation of entrepreneurial investment opportunities. The overall results suggest that their careers can be described as an experiential learning process that has facilitated the development of valuable skills and knowledge that is of critical importance for the entrepreneurial projects they later become engaged in as informal investors. The case analysis also identifies two types of personal resources: skill-specific resources (know-how) and network resources (know-who) that have a significant influence on their ability to contribute with value added in the entrepreneurial process.
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Bibliographic InfoPaper provided by Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy in its series CIRCLE Electronic Working Papers with number 2006/12.
Length: 30 pages
Date of creation: 01 Nov 2006
Date of revision:
informal investors; entrepreneurial process; investment opportunity; opportunity recognition; opportunity exploitation; resources;
Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ejermo, Olof & Kander, Astrid, 2006. "The Swedish Paradox," CIRCLE Electronic Working Papers 2006/1, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
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