This dissertation analyzes the impact of spatial proximity between venture capitalists and new ventures throughout the investment process. First, a comprehensive theoretical framework regarding the role of spatial proximity in different phases of the investment process is elaborated. Then, resulting hypotheses concerning the observed spatial proximity and the impact of spatial proximity on the likelihood of a venture capital investment are validated empirically using a German dataset. A thorough discussion of results and resulting implications for entrepreneurs, venture capitalists, and public policy concludes the thesis.
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This dissertation analyzes the impact of spatial proximity between venture capitalists and new ventures throughout the investment process. First, a comprehensive theoretical framework regarding the role of spatial proximity in different phases of the investment process is elaborated. Then, resulting hypotheses concerning the observed spatial proximity and the impact of spatial proximity on the likelihood of a venture capital investment are validated empirically using a German dataset. A thorough...
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