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date: 21 February 2019

Abstract and Keywords

This article empirically investigates the different sources of finance raised by young companies after they received their first round of venture capital finance. It begins with a discussion of the theoretical background and development of the hypotheses. Next it discusses the data set and describes the data sources used, how finance events are defined, and how the independent variables are measured. It then presents the main research findings, which provide stylized facts about how growth-oriented entrepreneurial companies finance their operations after having received venture capital. This is followed by a discussion and conclusion.

Keywords: financing round, fundraising, venture capital finance, entrepreneurial companies

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