Quand le capital de risque influence la motivation des entrepreneurs

What is it about?

Driven by several motivations, a technological entrepreneur evolves in an environment that fosters rapid growth. Affected by venture capital, this context can reveal his/her potential interpersonal conflicts with the founder of the business or make him/her fail in the business. This research explored the relationship between a technological entrepreneurs’ motivations and the growth of his/her new business, then the influence of venture capital investors on this relationship. This study addresses, from the angle of trust and of conflict, a field unexplored in the literature: the role of the compatibility between entrepreneurial motivations and motivations of investors, in the success of new technological companies. Compatible motivations, which translate into common expectations, a common vision, a benefit-sharing relationship and the management of characters, foster the sustainability of the business relationship and growth. The opposite can lead to conflicts and harm growth.

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