The present study attempts to extend the current state of knowledge on the relationship between innovation and success of early-stage start-ups in terms of funding security. Innovation cannot be measured ex ante and the prevailing view about its positive role for firms is disputed by recent studies in start-ups. Moreover, innovation seems not to be a distinct investment criterion for startups’ investors. Therefore, a quantitative study has been carried out using CrunchBase data for the selection of the targeted start-ups and the Innovation Risk Cube framework for their classification. Based on the findings there are indications that there is a sweet spot of innovation quantity which can lead start-ups to investment security, whereas, excessive innovation quantity, accumulated by the use of multiple, simultaneous types of innovation can lead to failure.
|Uddannelser||Cand.merc.fsm Finance and Strategic Management, (Kandidatuddannelse) Afsluttende afhandling|