@article {Robinson31, author = {Robert J. Robinson and Mark Van Osnabrugge}, title = {Do Venture Capitalists Behave Differently When Investing in High-Tech Ventures?}, volume = {4}, number = {3}, pages = {31--42}, year = {2001}, doi = {10.3905/jpe.2001.319987}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Compared to the U.S. marketplace, high-tech investments have not been as popular among venture capital firms in the U.K. Although high-tech ventures have important economic significance, they continue to experience difficulties in securing funds for their growth. Using theoretically-based hypotheses and empirical data collected from U.K. venture capitalists (VCs) in 16 personal interviews and 111 questionnaire responses, this study sheds light on the various deterrents of technology-intensive investments in the U.K. market. Furthermore, it takes a unique look at how those VCs, who do support high-tech ventures, differ in their investment preferences and procedures from those who prefer to fund non-technology firms. Since investments in early-stage high-tech firms are especially rare, this is the special focus in this study. By illuminating the requirements for a successful high-tech VC market, this focus may also offer additional insights into the fundamentals supporting the prosperity of the high-tech VC market in the U.S.}, issn = {1096-5572}, URL = {https://jpe.pm-research.com/content/4/3/31}, eprint = {https://jpe.pm-research.com/content/4/3/31.full.pdf}, journal = {The Journal of Private Equity (Retired)} }