RT Journal Article SR Electronic T1 Initial Capital Constraints Hinder Entrepreneurial Venture Performance JF The Journal of Private Equity FD Institutional Investor Journals SP 36 OP 44 DO 10.3905/jpe.2005.605369 VO 9 IS 1 A1 Mirjam Van Praag A1 Gerrit De Wit A1 Niels Bosma YR 2005 UL https://pm-research.com/content/9/1/36.abstract AB This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly by lack of data. The key contribution of this article is that the authors are able—due to their comprehensive data set—to measure the influence of capital constraints more directly. The authors find that initial capital constraints during the start-up phase of business have quite a substantial negative influence on performance as measured by the survival probability of the venture and entrepreneurial earnings. These results appear quite robust.