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The Role of Business Angels in the Early-Stage Financing of Startups: A Systematic Literature Review
16 references·1 citing·52 second hop
The Role of Business Angels in the Early-Stage Financing of Startups: A Systematic Literature Review (2024)The Role of Business Angels in the Early-…Lean Startup and the business model: Experimenting for novelty and impact (2019)Lean Startup and the business…Fostering digital entrepreneurship from startup to scaleup: The role of venture capital funds and angel groups (2019)Fostering digital entrepreneu…Crowdfunding, business angels, and venture capital: an exploratory study of the concept of the funding trajectory (2019)Crowdfunding, business angels…Systematic Review of the Literature: Best Practices (2018)Systematic Review of the Lite…Start-ups, entrepreneurial networks and equity crowdfunding: A processual perspective (2018)Start-ups, entrepreneurial ne…Equity crowdfunding: a systematic review of the literature (2018)Equity crowdfunding: a system…Angel network affiliation and business angels' investment practices (2018)Angel network affiliation and…Why business angels reject investment opportunities: Is it personal? (2016)Why business angels reject in…Angel Financing and the Performance of High-Tech Start-Ups (2016)Angel Financing and the Perfo…Coopetition: a systematic review, synthesis, and future research directions (2015)Coopetition: a systematic rev…Business angels and value added: what do we know and where do we go? (2008)Business angels and value add…Handbook of Research on Venture Capital (2007)Handbook of Research on Ventu…The Role of Angels in Technology SMEs: A Link to Venture Capital (2005)The Role of Angels in Technol…Women entrepreneurs securing business angel financing: tales from the field (2004)Women entrepreneurs securing …Towards a Methodology for Developing Evidence‐Informed Management Knowledge by Means of Systematic Review (2003)Towards a Methodology for Dev…A Model of Venture Capitalist Investment Activity (1984)A Model of Venture Capitalist…The Relationship Between Entrepreneurs’ Founding Experience, Investing Angels and Start-ups’ Technological Output (2025)The Relationship Between Entr…Case Study Research: Design and Methods (1984)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)Towards a model of the business angel investment process (2007)Trust Between Entrepreneurs and Angel Investors (2012)The transformation of the business angel market: empirical evidence and research implications (2016)Entrepreneurship Theory and Practice (2018)Dynamic capabilities and strategic management (1997)Firm resources and sustained competitive advantage (2004)Coopetition in New Product Development Alliances: Advantages and Tensions for Incremental and Radical Innovation (2017)The interplay of competition and cooperation (2018)Circular economy business models: The state of research and avenues ahead (2020)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Organizational Endowments and the Performance of University Start-ups (2002)Entrepreneur Passion And Preparedness In Business Plan Presentations: A Persuasion Analysis Of Venture Capitalists' Funding Decisions (2009)Legitimate Distinctiveness and The Entrepreneurial Identity: Influence on Investor Judgments of New Venture Plausibility (2011)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Case Study Research: Design and Methods (1991)A comparison of the effect of angels and venture capitalists on innovation and value creation (2015)New directions in entrepreneurial finance (2019)The role of venture capital in the emerging entrepreneurial finance ecosystem: future threats and opportunities (2019)Primary, Secondary, and Meta-Analysis of Research (1976)The New production of knowledge: the dynamics of science and research in contemporary societies (1995)Re-Thinking Science: Knowledge and the Public in an Age of Uncertainty (2003)Bibliometric Methods in Management and Organization (2014)Literature review as a research methodology: An overview and guidelines (2019)How to conduct a bibliometric analysis: An overview and guidelines (2021)Financial Intermediation and Delegated Monitoring (1984)Internet, Mail, and Mixed-Mode Surveys: The Tailored Design Method (2008)The changing nature of angel investing: some research implications (2019)It’s a Peoples Game, Isn’t It?! A Comparison Between the Investment Returns of Business Angels and Machine Learning Algorithms (2020)Which criteria matter when impact investors screen social enterprises? (2020)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Using thematic analysis in psychology (2006)Third-party signals in equity crowdfunding: the role of prior financing (2018)Forecasting success in equity crowdfunding (2019)The impact of entrepreneurship on economic, social and environmental welfare and its determinants: a systematic review (2020)Interorganizational Endorsements and the Performance of Entrepreneurial Ventures (1999)The lean startup : how today's entrepreneurs use continuous innovation to create radically successful businesses (2011)Digital Entrepreneurship: Toward a Digital Technology Perspective of Entrepreneurship (2016)Role of Business Incubators as a Tool for Entrepreneurship Development: The Mediating and Moderating Role of Business Start-Up and Government Regulations (2020)Threat or opportunity? A case study of digital-enabled redesign of entrepreneurship education in the COVID-19 emergency (2021)Mapping the venture capital and private equity research: a bibliometric review and future research agenda (2022)The Art of Continuous Change: Linking Complexity Theory and Time-Paced Evolution in Relentlessly Shifting Organizations (1997)Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency (2001)Business Model Generation : A Handbook for Visionaries, Game Changers, and Challengers (2010)From Sustainable Global Value Chains to Circular Economy—Different Silos, Different Perspectives, but Many Opportunities to Build Bridges (2021)A call for action: The impact of business model innovation on business ecosystems, society and planet (2022)Circular business model innovation in consumer-facing corporations (2022)Financing technology-based small firms in Europe: what do we know? (2010)Are entrepreneurial venture's innovation rates sensitive to investor complementary assets? Comparing biotech ventures backed by corporate and independent VCs (2014)
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References

  • 2003Towards a Methodology for Developing Evidence‐Informed Management Knowledge by Means of Systematic Review15,354 cited
  • 1984A Model of Venture Capitalist Investment Activity1,058 cited
  • 2015Coopetition: a systematic review, synthesis, and future research directions711 cited
  • 2018Equity crowdfunding: a systematic review of the literature308 cited
  • 2019Fostering digital entrepreneurship from startup to scaleup: The role of venture capital funds and angel groups244 cited
  • 2007Handbook of Research on Venture Capital222 cited
  • 2019Lean Startup and the business model: Experimenting for novelty and impact200 cited
  • 2008Business angels and value added: what do we know and where do we go?191 cited
  • 2005The Role of Angels in Technology SMEs: A Link to Venture Capital162 cited
  • 2018Angel network affiliation and business angels' investment practices113 cited
  • 2019Crowdfunding, business angels, and venture capital: an exploratory study of the concept of the funding trajectory106 cited
  • 2016Angel Financing and the Performance of High-Tech Start-Ups106 cited
  • 2018Systematic Review of the Literature: Best Practices105 cited
  • 2018Start-ups, entrepreneurial networks and equity crowdfunding: A processual perspective101 cited

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2004
Women entrepreneurs securing business angel financing: tales from the field
100 cited
  • 2016Why business angels reject investment opportunities: Is it personal?99 cited
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    • 2025The Relationship Between Entrepreneurs’ Founding Experience, Investing Angels and Start-ups’ Technological Output11 cited