Alex Laats and Nbx Corporation

, Vol. , pp. 1-26,

25 Pages Posted: 21 Oct 2008

See all articles by Scott Shane

Scott Shane

Case Western Reserve University - Department of Economics

Abstract

This case describes the evolution of an entrepreneur's venture-capital fundraising, from seed-stage financing through later-round efforts. The case focuses on where the "action" is in venture finance: the exploitation of social capital by an entrepreneur and investors. Much of the teaching materials on venture finance focus on the economics of financing; while these materials provide useful information about the mechanics of valuation and how to structure venture-capital agreements, they miss the social side of venture-capital investing. The case illustrates the theoretical concept that social capital (i.e., a person's relationship to other people in society) influences venture finance. The case can be used in a class on entrepreneurship or venture finance.

Keywords: financing, entrepreneurial finance, entrepreneurship, venture capital

JEL Classification:

Suggested Citation

Shane, Scott A., Alex Laats and Nbx Corporation. , Vol. , pp. 1-26, , Available at SSRN: https://ssrn.com/abstract=908781

Scott A. Shane (Contact Author)

Case Western Reserve University - Department of Economics ( email )

Cleveland, OH 44106
United States

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