Abstract
This article examines the development patterns and performances of companies founded by Asian American entrepreneurs in Silicon Valley and compares them with those of companies founded by non-Asian Americans. The authors find that companies founded by Asian Americans tended to have more Asian Americans in the executive team than those founded by their counterparts. Asian American ventures were more likely to secure venture capital and strategic investments from Asia-based companies and less likely to obtain strategic investment from U.S.-based corporations. In spite of the above differences, the two groups show no systematic differences in founder equity share or company valuation at IPO. The authors also find little statistical difference in the time to IPO (time from company founding to IPO offer date) or post-IPO performances between the two groups.
- © 2005 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600