The quality of founder teams is often cited in the literature as one of the most critical determinants in new technology venture (NTV) success and seen as such by many venture capital investors (Kaplan & Strömberg, 2009). According to the existing literature the practical value of business plans is controversial. Even so business plans are undoubtedly needed in approaching investors, few empirical researches have yet investigated the link between NTV performance and the quality of a written business plan. We address this issue from a new perspective linking the combination of both, the quality of the founder team and the quality of their business plans, to NTV performance.
Krier, Tobias P. and Knyphausen-Aufsef, Dodo zu
"THE PREDICTING POWER OF BUSINESS PLANS: DOES QUALITY MAKE ANY DIFFERENCE? A STUDY OF 405 BUSINESS PLANS (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 31
, Article 8.
Available at: http://digitalknowledge.babson.edu/fer/vol31/iss15/8