A Systems View Across Time and Space
Table 5 Summary of hypothesis test
From: When venture capitalists are attracted by the experienced
Hypothesis | Test results | Means |
|---|---|---|
The higher the uncertainty—the newer the products are, and the lower the completeness of the products, the more VCs consider the industry experience of the entrepreneurs | Rejected | Although VCs consider entrepreneur’s industry experience in investment decision, its importance does not change with increasing uncertainty |
The higher the uncertainty—the newer the products are, and the lower the completeness of the products, the more VCs consider the managerial experience of entrepreneurs | Supported | VCs seem to attach more importance to the managerial experience of entrepreneurs with a high level of uncertainties |
The higher the uncertainty—the newer the products are, and the lower the completeness of the products services, the more VCs consider the educational background of the entrepreneurs | Partially Supported | that VCs consider the educational background of the entrepreneurs to be more important when the products are incomplete but less important as the newness of the products increases |