When venture capitalists are attracted by the experienced

Journal of Innovation and Entrepreneurship

A Systems View Across Time and Space

Table 4 Regression results

Dependent variable	Independent variable	B	SE	Beta	t	p	VIF	DW	R²	F
Industry experience	Newness (high)	0.046	0.034	0.099	1.358	0.176	1.504	1.732	0.171	1.726* (.016)
Industry experience	Completeness (low)	0.013	0.038	0.023	0.348	0.729	1.288			1.726* (.016)
Managerial experience	Newness (high)	0.039	0.014	0.187	2.760	0.006**	1.504	1.825	0.284	3.313** (.000)
Managerial experience	Completeness (low)	0.085	0.016	0.336	5.349	0.000**	1.288			3.313** (.000)
Educational background The entrepreneur (degree and university prestige)	Newness (high)	− 0.163	0.027	− 0.405	− 5.935	0.000**	1.504	1.736	0.276	3.182** (.000)
	Completeness (low)	0.119	0.031	0.242	3.838	0.000**	1.288			3.182** (.000)