ФАКТОРЫ, ВЛИЯЮЩИЕ НА УСПЕШНОЕ ПРОХОЖДЕНИЕ «ДОЛИНЫ СМЕРТИ» СТАРТАПАМИ

Тимур Реджепович Джумабаев

Авторы

Тимур Реджепович Джумабаев Автор

Ключевые слова:

«стартап», «долина смерти», инновационные продукты, скоринг проектов, инновации

Аннотация

Технологии и инновационные продукты имеют важнейшую роль в развитии бизнеса, экономики и человечества в целом. Как правило, наиболее значимые инновационные продукты создают так называемые "стартапы". Цель данного исследования – создание методологии скоринга проектов за счет выявления факторов, влияющих на успешное прохождение "долины смерти" стартапом. Для реализации поставленной цели используются качественный подход (анализ информации, ее декомпозиция, дедукция, индукция и другие) и количественный подход, выраженный в проведении эконометрического анализа собранного из открытых источников объема данных при помощи логит модели. Результатом работы является методология, рекомендуемая к использованию при скоринге стартапов на ранних стадиях, представляющая собой пул вопросов, объединенных в 15 блоков.

Библиографические ссылки

Arroyo, J., Corea, F., Jimenez-Diaz, G., Recio-Garcia, J. A. (2019) “Assessment of Machine Learning Performance for Decision Support in Venture Capital Investments”, IEEE Access, 7, pp. 124233 – 124243. doi: 10.1109/access.2019.2938659

Bengtsson, O., Wang, F. (2010) “What Matters in Venture Capital? Evidence from Entrepreneurs’ Stated Preferences”, Financial Management 39, pp. 1367-1402.

Beyhan, B., Findik, D. (2022) “Selection of Sustainability Startups for Acceleration: How Prior Access to Financing and Team Features Influence Accelerators’ Selection Decisions”, Sustainability, 14, pp. 1-23. doi.org/10.3390/ su14042125

Bujang, M. A., Sa’at, N., Sidik, T.M.I.T.A.B., Joo, L.C. (2018) “Sample Size Guidelines for Logistic Regression from Observational Studies with Large Population: Emphasis on the Accuracy Between Statistics and Parameters Based on Real Life Clinical Data”, Malays J Med Sci, 25(4), pp 122-130. doi: 10.21315/mjms2018.25.4.12

Butz, H., Mrozewsk, M. J. (2021) “The Selection Process and Criteria of Impact Accelerators. An Exploratory Study”, Sustainability, 13, pp. 1-22. doi.org/10.3390/su13126617

Byrd, J., Herskowitz, O., Aloise, J., Nye, A., Rao, S., Reuther, K. (2017) “University Technology Accelerators: Design Considerations and Emerging Best Practices”, Technology & Innovation, 19(1), pp 349-362. doi.org/10.21300/19.1.2017.349

Da Rin, M., Hellman, T., Puri, M. L. (2011) “A Survey of Venture Capital Research”, CentER Discussion Paper, 2011(111), pp. 1-137.

Díaz-Santamaría, C., Bulchand-Gidumal, J. (2021) «Econometric Estimation of the Factors That Influence Startup Success», Sustainability, 13 (2242), pp 1-14. doi.org/10.3390/su13042242

Earle, A. G., Merenda, M. J., Davis, M. (2019) “Strategy-as-Process in a Technology Venture: A Case Study of Pivots, Pauses, Partners, and Progress”, Technology Innovation Management Review, 9(1), pp 9-19. doi.org/10.22215/timreview/1208

Enshassi, A., Kochendoerfer, B., Ghoul, H.A. (2016) “Factors Affecting Sustainable Performance of Construction Projects duringProject Life Cycle Phases”, International Journal of Sustainable Construction Engineering & Technology, 7(1), pp 50-68.

Gbadegeshin, S. A., Natsheh, A. A., Ghafel, K., Mohammed, O., Koskela, A., Rimpilainen, A., Tikkanen, J., Kuoppala, A. (2022) “Overcoming the Valley of Death: A New Model for High Technology Startups”, Sustainable Futures, 4, pp 1-15. doi.org/10.1016/j.sftr.2022.100077

Ghassemi, M. M., Song, C., Alhanai, T. (2020) “KDF at the Thirty-Fourth AAAI Conference on Artificial Intelligence”, pp. 1-8.

Gompers, P., Gornall, W., Kaplan S. N., Strebulayev, I. A. (2016) “How Do Venture Capitalists Make Decisions?”, NBER Working Paper Series, 22587, pp 1-63. doi: 10.3386/w22587

Gonzalez, G. (2017) “What Factors Are Causal to Survival of a Startup?”, Muma Business Review, 1(9), pp. 97-114.

Groenewegen, G., De Langen, F. (2012) “Critical Success Factors of the Survival of Start-Ups with a Radical Innovation”, Journal of Applied Economics and Business Research, 2(3), pp. 155-171.

Halabí, C. E., Lussier, R. N. (2014) “A model for predicting small firm performance: Increasing the probability of entrepreneurial success in Chile”, Journal of Small Business and Enterprise Development, pp. 4-25.

Hoenig, D., Henkel, J. (2015) “Quality signals? The role of patents, alliances, and team experience in venture capital financing”, Research Policy, 44(5), pp. 1049-1064.

Hsu, D. H. (2007) “Experienced entrepreneurial founders, organizational capital, and venture capital funding”, Research Policy, 36(5), pp. 722-741.

Jenkins, D. G., Quintana-Ascencio, P.F. (2020) “A solution to minimum sample size for regressions”, PLoS One, 15(2), pp 1-15. doi: 10.1371/journal.pone.0229345

Keogh, D., Johnson, D. K. N. (2021) “Survival of the funded: Econometric analysis of startup longevity and success”, Journal of Entrepreneurship, Management, and Innovation, 17(4), pp. 29-49. doi.org/10.7341/20211742

Kim, B., Kim, H., Jeon, Y. (2018) “Critical Success Factors of a Design Startup Business”, Sustainability, 10 (9), pp. 1-15. doi:10.3390/su10092981

LaBelle, M., Goldthau, A. (2013) “Escaping the valley of death? Comparing shale gas technology policy prospects to nuclear and solar in Europe”, The Journal of World Energy Law & Business, 7(2), pp 93-111. doi.org/10.1093/jwelb/jwt020

Labuschagne, С., Brent, A.C. (2004) “Sustainable Project Life Cycle Management: the need to integrate life cycles in the manufacturing sector”, International Journal of Project Management, 23, pp 159-168. doi: 10.1016/j.ijproman.2004.06.003

Lussier, R. N., Corman, J. (1996) “A Business Success Versus Failure Prediction Model for Entrepreneurs With 0-10 Employees”, Journal of Small Business Strategy, 7(1), pp. 21-36.

Markham, S. K., Ward, S. J., Aiman-Smith, L., Kingon, A. I. (2010) “The Valley of Death as Context for Role Theory in Product Innovation”, Journal of Product Innovation Management, 27(3), pp 402-417. doi.org/10.1111/j.1540-5885.2010.00724.x

McKenzie, D., Paffhausen, A. L. (2017) “Small Firm Death in Developing Countries”, World Bank Policy Research Working Paper, 8236, pp. 1-75.

Merceret, F. J., O’Brien, T. P., Roeder, W. P., Huddleston, L. L., Bauman III, W. H., Jedlovec, G. J. (2013) “Transitioning Research to Operations: Transforming the “Valley of Death” Into a “Valley of Opportunity”, Space Weather, 11, pp 637-640. doi:10.1002/swe.20099

Midler, C. (2019) “Crossing the Valley of Death: Managing the When, What, and How of Innovative Development Projects”, Project Management Journal, 50(4), pp 447-459. doi.org/10.1177/8756972819857881

Morales-Alonso, G., Vila, G. A., Lemus-Aguilar, I., Hidalgo, A. (2019) “Data retrieval from online social media networks for defining business angels’ profile”, Journal of Enterprising Communities: People and Places in the Global Economy, 14(1), pp 57-75. doi: 10.1108/JEC-10-2019-0095

Okrah, J., Nepp, A. (2018) “Factors Affecting Startup Innovation and Growth”, Journal of Advanced Management Science, 6(1), pp. 34-38.

Rodionov, I. I., Semenov, A. S., Oskin, A. (2020) “The Receipt of Grants as a Key Determinant of Venture Investment Size in Russia-based IT Startups”, Journal of Corporate Finance Research, 14(3), pp. 19-27.

Rodionov, I. I., Semenov, A. S., Seleznev, V. A. (2018) “Determinants of the Venture Investment Size in Russian IT Companies”, Journal of Corporate Finance Research, 15(1), pp. 44-49.

Ross, G., Das, S., Sciro, D., Raza, H. (2021) “CapitalVX: A machine learning model for startup selection and exit prediction”, The Journal of Finance and Data Science, 7, pp. 94-114. doi.org/10.1016/j.jfds.2021.04.001

Salamzadeh, A., Kirby, D. A. (2017) “New venture creation: how start-ups grow?”, AD-minister Nº, pp 9-29. doi:10.17230/ad-minister.30.1

Semenov, A., Solokolova, O. (2015) “Analysis of Determinants of Russian Private Equity and VC Industry Based on Data Sample”, Cloud of Science, 2(2), pp. 265-281.

Sharma, J., Verma, D. S. (2020) “Valuing a Start-up Firms: a Review”, Journal of Xi'an University of Architecture & Technology, 7(4), pp. 2955-2964.

Shirokova, G. (2009) “Organisational life-cycle: The characteristics of developmental stages in Russian companies created from scratch”, Journal of East European Management Studies, 14(1), pp 65-85.

Standaert, T., Knockaert, M., Manifart, S. (2022) “Venture Capital Winners: A Configurational Approach to High Venture Capital-Backed Firm Growth”, British Journal of Management, 33(1), pp. 211-230. doi.org/10.1111/1467-8551.12491

Wilson, N., Wright, M., Kacer, M. (2018) “The equity gap and knowledge-based firms”, Journal of Corporate Finance, 50, pp 626-649. doi.org/10.1016/j.jcorpfin.2017.12.008

Zacharakis, A. L., Meyer, G. D. (2000) “The potential of actuarial decision models: can they improve the venture capital investment decision?”, Journal of Business Venturing, 1, pp. 323-346.

Zacharakis, A. L., Shepherd, D. A., (2001) “The nature of information and overconfidence on venture capitalists' decision making”, Journal of Business Venturing, 16(4), pp. 311-332. ро