Venture capital market complementarities: The links between business angels and venture capital funds in the United Kingdom

Abstract

The nature and extent of complementarities between the informal and formal venture capital markets has been the subject of limited research. This paper explores systematically the nature and extent of complementarities between the formal and informal venture capital markets in the UK, and identifies the opportunities for additional collaboration. Evidence is presented from surveys of business angels and venture capital fund managers for four types of complementarities: co-investing in deals; sequential investing in ventures; business angels as investors in venture capital funds; and deal referring.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 154 citations exist upstream.