Faculty News | Strategy + Business | 11 Feb 2011
The Impact of Financing Risk on Innovative Startups
Re: Ramana Nanda & Matthew Rhodes-Kropf
They are also high-risk ventures, and investors, in order to hedge their bets, often dole out capital in careful stages. But this reliance on staged funding introduces a new risk to the investment/innovation equation, a risk that has not been taken into account by finance theory, say the authors of this research paper

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