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True then, true now: A 40-year perspective on the early stage investment market

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  • Gordon Baty
  • Bruce Sommer

Abstract

One of the constants in the angel marketplace is that they invest mostly for non-economic reasons. The operations of two Boston-based seed capital funds - Zero Stage Capital and Navigation Technology Ventures - which raise their funds from both institutional and angel investors are described. Some lessons about commercializing technology are reported.

Suggested Citation

  • Gordon Baty & Bruce Sommer, 2002. "True then, true now: A 40-year perspective on the early stage investment market," Venture Capital, Taylor & Francis Journals, vol. 4(4), pages 289-293, October.
    • Handle: RePEc:taf:veecee:v:4:y:2002:i:4:p:289-293
    DOI: 10.1080/1369106022000024914
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    References listed on IDEAS

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    1. Jeffrey E. Sohl, 1999. "The early-stage equity market in the USA," Venture Capital, Taylor & Francis Journals, vol. 1(2), pages 101-120, April.
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    Cited by:

    1. John P. Berns & Maria Figueroa-Armijos & Serge P. da Motta Veiga & Timothy C. Dunne, 2020. "Dynamics of Lending-Based Prosocial Crowdfunding: Using a Social Responsibility Lens," Journal of Business Ethics, Springer, vol. 161(1), pages 169-185, January.
    2. Vanessa Diaz-Moriana & Colm O’Gorman, 2013. "Informal Investors and the Informal Venture Capital Market in Ireland," Journal of Asian Scientific Research, Asian Economic and Social Society, vol. 3(6), pages 630-643, June.
    3. Maria Figueroa-Armijos & John P. Berns, 2022. "Vulnerable Populations and Individual Social Responsibility in Prosocial Crowdfunding: Does the Framing Matter for Female and Rural Entrepreneurs?," Journal of Business Ethics, Springer, vol. 177(2), pages 377-394, May.
    4. Dunne, Timothy C. & Clark, Brent B. & Berns, John P. & McDowell, William C., 2019. "The technology bias in entrepreneur-investor negotiations," Journal of Business Research, Elsevier, vol. 105(C), pages 258-269.

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