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The Journal of Private Equity

The Journal of Private Equity

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Primary Article

Assessing the Commercial Viability of Seed- and Early-Stage Ventures

Thomas. Åstebro
The Journal of Private Equity Winter 2002, 6 (1) 9-12; DOI: https://doi.org/10.3905/jpe.2002.320029
Thomas. Åstebro
An associate professor in the Department of Management Sciences at the University of Waterloo in Waterloo, Canada. tastebro@uwaterloo.ca
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Abstract

The question of how venture capitalists assess the unique characteristics of potential ventures lies at the basis of all venture investing. Yet the data on human versus purely statistical prediction models is troubling, often indicating that humans are poor decision makers in the face of uncertainty. This article looks at over 500 potential new ventures, each reviewed by skilled engineers with some business background. From a list of 37 criteria, four were found to be statistically significant: expected profitability; development risk; functional performance; and IP protection. The rate of accuracy of the skilled predictors was surprisingly high.

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The Journal of Private Equity
Vol. 6, Issue 1
Winter 2002
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Assessing the Commercial Viability of Seed- and Early-Stage Ventures
Thomas. Åstebro
The Journal of Private Equity Nov 2002, 6 (1) 9-12; DOI: 10.3905/jpe.2002.320029

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Assessing the Commercial Viability of Seed- and Early-Stage Ventures
Thomas. Åstebro
The Journal of Private Equity Nov 2002, 6 (1) 9-12; DOI: 10.3905/jpe.2002.320029
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