Marko Bender analyzes the impact of spatial proximity between venture capitalists and new ventures throughout the investment process. He elaborates a comprehensive theoretical framework and empirically validates resulting hypotheses concerning the observed spatial proximity and the impact of spatial proximity on the likelihood of a venture capital investment using a German dataset. A thorough discussion of results and resulting implications for entrepreneurs, venture capitalists, and public policy concludes this thesis.

Autorentext
Dr. Marko Bender completed his doctoral thesis at the KfW Endowed Chair in Entrepreneurial Finance of Prof. Dr. Dr. Ann-Kristin Achleitner at the Technische Universität München.

Inhalt
Spatial Distribution of Venture Capitalists and Venture Capital Investments; Impact of Spatial Proximity throughout the Venture Capital Investment Process; Patterns in Spatial Proximity between Venture Capitalists and Investees; Impact of Spatial Proximity on the Likelihood of a Venture Capital Investment; Implications of the Impact of Spatial Proximity on Venture Capital Financing