Browsing by Author "Vaillant, Louis"
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- How do funding intensity and type influence initial public offering and strategic orientation of startups?Publication . Vaillant, Louis; Shuwaikh, FátimaThis study investigates the role of funding type and intensity on the time companies need to reach initial public offering (IPO). Based on a sample of 2727 US startups going public between 1995 and 2023 it was demonstrated that firms backed by corporate venture capital (CVC) experience significant shorter time to IPO especially when investments were done as a lead investor. Furthermore, it has been shown that firms with small and frequent funding amounts are statistically more likely to reach IPO sooner. These findings crossed with the strategic framework of ambidexterity, revealed that startups having shorter time to IPO tend also to show signs of a great balance between exploration and exploitation. This study provides new insights into strategic decisions of startups and investors during the pre-IPO funding journey of these firms to access public markets more quickly.