COVID-19 and the global venture capital landscape

We assess the effect of the COVID-19 pandemic on venture capital (VC) investments, documenting a significant decline in investments using a dataset of 39,527 funding rounds occurring before and during the pandemic in 130 countries. In line with our theoretical considerations, we show that this decli...

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Detalles Bibliográficos
Autores principales: Bellavitis, Cristiano, Fisch, Christian, McNaughton, Rod B.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8417668/
http://dx.doi.org/10.1007/s11187-021-00547-9
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author Bellavitis, Cristiano
Fisch, Christian
McNaughton, Rod B.
author_facet Bellavitis, Cristiano
Fisch, Christian
McNaughton, Rod B.
author_sort Bellavitis, Cristiano
collection PubMed
description We assess the effect of the COVID-19 pandemic on venture capital (VC) investments, documenting a significant decline in investments using a dataset of 39,527 funding rounds occurring before and during the pandemic in 130 countries. In line with our theoretical considerations, we show that this decline is more pronounced for investments characterized by higher uncertainty, namely investments in seed-stage ventures, industries affected more heavily by the COVID-19 crisis, international investments, and non-syndicated investments. Investor prominence partially moderates these effects.
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spelling pubmed-84176682021-09-07 COVID-19 and the global venture capital landscape Bellavitis, Cristiano Fisch, Christian McNaughton, Rod B. Small Bus Econ Article We assess the effect of the COVID-19 pandemic on venture capital (VC) investments, documenting a significant decline in investments using a dataset of 39,527 funding rounds occurring before and during the pandemic in 130 countries. In line with our theoretical considerations, we show that this decline is more pronounced for investments characterized by higher uncertainty, namely investments in seed-stage ventures, industries affected more heavily by the COVID-19 crisis, international investments, and non-syndicated investments. Investor prominence partially moderates these effects. Springer US 2021-09-04 2022 /pmc/articles/PMC8417668/ http://dx.doi.org/10.1007/s11187-021-00547-9 Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Bellavitis, Cristiano
Fisch, Christian
McNaughton, Rod B.
COVID-19 and the global venture capital landscape
title COVID-19 and the global venture capital landscape
title_full COVID-19 and the global venture capital landscape
title_fullStr COVID-19 and the global venture capital landscape
title_full_unstemmed COVID-19 and the global venture capital landscape
title_short COVID-19 and the global venture capital landscape
title_sort covid-19 and the global venture capital landscape
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8417668/
http://dx.doi.org/10.1007/s11187-021-00547-9
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