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Geographies of relational coordination in venture capital firms

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  • Kuebart, Andreas

Abstract

Venture capital (VC) firms are crucial actors in entrepreneurial ecosystems. Through the development towards a digital economy, they have gained further relevance, which caused the VC industry to diversify in terms of business models. This article offers a new heuristic to study the VC industry by developing a classification of VC firms. By drawing on a framework of different dimensions of relational distance in investment relations, different types of relational coordination are identified by comparing VC firms in Germany. The types of VC business models are found to produce relational geographies of investing as they relate with their portfolio startups in different ways. A relational perspective on VC thus provides the opportunity to step beyond pure territorial approaches on VC.

Suggested Citation

  • Kuebart, Andreas, 2019. "Geographies of relational coordination in venture capital firms," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(11), pages 2206-2226.
    • Handle: RePEc:zbw:espost:222596
    DOI: 10.1080/09654313.2019.1620696
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    References listed on IDEAS

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    Cited by:

    1. Kuebart, Andreas, 2022. "Open creative labs as functional infrastructure for entrepreneurial ecosystems: Using sequence analysis to explore tempo-spatial trajectories of startups in Berlin," Research Policy, Elsevier, vol. 51(9).
    2. Marc Cowling & Ross Brown & Neil Lee, 2021. "The geography of business angel investments in the UK: Does local bias (still) matter?," Environment and Planning A, , vol. 53(5), pages 1180-1200, August.
    3. Rabelo Neto, José & Figueiredo, Claudia & Gabriel, Bárbara Coelho & Valente, Robertt, 2024. "Factors for innovation ecosystem frameworks: Comprehensive organizational aspects for evolution," Technological Forecasting and Social Change, Elsevier, vol. 203(C).

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    Keywords

    Venture capital; relational distance;

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