Quand le capital de risque influence la motivation des entrepreneurs

Driven by several motivations, a technological entrepreneur evolves in an environment that fosters rapid growth. Affected by venture capital, this context can reveal his/her potential interpersonal conflicts with the founder of the business or make him/her fail in the business. This research explored the relationship between a technological entrepreneurs’ motivations and the growth of his/her new business, then the influence of venture capital investors on this relationship. This study addresses, from the angle of trust and of conflict, a field unexplored in the literature: the role of the compatibility between entrepreneurial motivations and motivations of investors, in the success of new technological companies. Compatible motivations, which translate into common expectations, a common vision, a benefit-sharing relationship and the management of characters, foster the sustainability of the business relationship and growth. The opposite can lead to conflicts and harm growth.

This content has been updated on 15 July 2019 at 16 h 38 min.