Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/218499 
Year of Publication: 
2012
Citation: 
[Journal:] South African Journal of Business Management [ISSN:] 2078-5976 [Volume:] 43 [Issue:] 4 [Publisher:] African Online Scientific Information Systems (AOSIS) [Place:] Cape Town [Year:] 2012 [Pages:] 45-53
Publisher: 
African Online Scientific Information Systems (AOSIS), Cape Town
Abstract: 
In this paper, we contribute to the literature on access to venture capital during the pre-start-up phase of innovative firms by identifying the reasons for failing to obtaining formal VC according to nascent entrepreneurs. The main reasons cited for not obtaining venture financing were the small size of the VC market and limited public policies to support venture capital participation. The sub-sample of nascent entrepreneurs who based their financing proposals on more complete business plans included "lack of interest of the venture capitalists in pre start-up phase investments" as the number one reason.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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