Studies show that Sweden is a prominent country when it comes to innovations, R&D and patents. These efforts have however not led to commercialization and generation of new businesses, which has led researchers to suspect that many entrepreneurs have defective knowledge regarding how the venture capital industry works and how to operate in order to be successful. The fact that there appears to be a knowledge gap and that receiving funds from investors are important for the growth of entrepreneurial companies and the economy as a whole has awakened our interest to focus our study on this issue. In order to get an insight into which questions an entrepreneur raise before seeking venture capital our study takes its starting point with an entrepreneur who is in the process of seeking venture capital. The different topics presented by the entrepreneur led us to the purpose of the thesis, which is to provide guidance for an entrepreneur in pursuit of venture capital through describing and interpreting how investors assess criteria in potential investments. To gain a greater understanding of what aspects a venture capitalist takes into consideration when evaluating a potential deal we found it necessary to have a personal dialogue with the selected respondents. This resulted in our decision to use a qualitative methodological approach and through a target-oriented selection the entrepreneur and the seven investors were selected. Our empirical study is based on interviews with the selected respondents. The empirical findings and the analysis are compiled together in one chapter. The respondents’ opinions are analyzed together in order to create an overview and to make it possible for the reader to better grasp our findings. The study has resulted in a number of suggestions that are presented in a “hand book-like” manner aimed to help the entrepreneur in the pursuit of venture capital and hopefully other entrepreneurs in similar situations. The concluding remarks are presented in chapter 5.

AbstractThis thesis is based on two questions: What are the differences in the outcome of a sport event depending on the choice of method to be used for evaluation? And what method is the most appropriate one in terms of evaluation of the economic effects of sport events? There are two methods used: and the first one is the traditional multiplier analysis and the second method used is introduced by Braunerhielm and Andersson (2007). The economic results of the two different methods used in this thesis have been applied on a real life event, The European Championships in Figure Skating in Malmo City 2003. The two methods is of great importance and they provide us with two suggested results that are of interest, but what method to be used depends on who is making the evaluation and for what purpose. The suggested method by Braunerhielm and Andersson (2007) results in an outcome representing the economic effects of the event concerning all areas in the municipality involved both the private sector and the public sector. This method is of best use for athlete organizations that wants to keep a continuous record of their contribution towards the municipality through events and the positive result will help them promote their importance of existence to the municipality so that they can get public funding for arranging future events and gain more profit by increasing the interest of their association. Whereas,the multiplier analysis is appropriate to use for the municipality, as the results is the tax revenue gained from the event that is to be reinvested in e.g. new schools or roads the result will then help promoting the public funding of sport events to the public. The appropriate method to use is the multiplier analysis as it generates results that is of interest for the public as it calculates the effect for the municipality as a whole and not only the effects for the once directly involved in the sport event.

The Perkins IV Act was passed in 2006 to promote high school graduation for youth while introducing skills they need to be prepared for in the labor market. Yearly progress reports measure if CTE programs are successful in reducing dropout rates but fall short for a number of reasons. Using state-level data from the National Association of State Directors of Career Technical Consortium (NASDCTEc) website for the 2009-2010 school year, state-level data from the National Center for Education Statistics (NCES) Common Core of Data (CCD) database for 2009-2010, and dropout data from the U.S. Department of Education for the 2010-2011 school year to establish causality, my research seeks to address the extent to which Perkins IV funding reduces drop out rates at the state-level.

Seed technology ventures require external sources of debt and equity funding, once they have exhausted founders personal resources, to achieve their potential economic impact. The primary source of equity finance for seed ventures is from Business Angels who invest their own money in the company and frequently provide additional sources of assistance to the entrepreneur. Once seed ventures have completed their business plans, however informally, they pitch their opportunity to potential investors, However, less than three per cent of these pitches to Business Angels are successful. It is suggested that a major reason for this low success rates is a lack of understanding by pitching entrepreneurs of how Business Angels make their investment decisions. Investigating how Business Angels make their investment decisions will identify some of the causes of this high failure rate. In turn this will help to suggest ways for entrepreneurs to increase their likelihood of successful interactions with investors. Real-time techniques that involve observing successive interactions between five Business Angels and 150 pitching entrepreneurs are used to gather data on the investment decision-making process. The technique of observational interaction has been used in psychological research to observe interpersonal relationships and their development within the context of a complex process. This complex process can best be understood by breaking down the process into stages. In this research the initial interaction between entrepreneur and Business Angel is investigated. It is found that initially the Business Angels use a filtering technique to expeditiously reject most opportunities. This allows, allow them to concentrate their limited resources on further investigation of a few promising opportunities that appear to offer the highest potential return. The unique data set used in this research is taken from a reality TV show – CBC Dragons’ Den – where entrepreneurs participate in order to receive real investment from five wealthy individuals known as “Dragons”. Using the video material gathered during the recording of the show it is possible to observe how the five Dragons initially filter out most opportunities, before looking at more positive factors when determining their interest in investing in the few opportunities remaining. This filtering process involves a non-compensatory technique - Elimination-By-Aspects, where the presence of a single one of eight potential fatal flaws is sufficient reason for rejection. While this may not be the most accurate technique, it is the most cost effective approach to decision-making for the investors. To increase accuracy at later stages, the investors adopt a more compensatory decision-making approaches. Improved understanding of the staged nature of the process, and how Business Angels identify fatal flaws at the initial stage of the interaction, provides valuable insights to both investors and entrepreneurs. Armed with this knowledge they can take steps to eliminate such flaws and improve the overall efficiency of the decision making process. This in turn will lead to an increase in successful outcomes of such interactions and consequently the number of seed ventures that are successful in raising third-party funding from Business Angels.

Seed technology ventures require external sources of debt and equity funding, once they have exhausted founders personal resources, to achieve their potential economic impact. The primary source of equity finance for seed ventures is from Business Angels who invest their own money in the company and frequently provide additional sources of assistance to the entrepreneur. Once seed ventures have completed their business plans, however informally, they pitch their opportunity to potential investors, However, less than three per cent of these pitches to Business Angels are successful. It is suggested that a major reason for this low success rates is a lack of understanding by pitching entrepreneurs of how Business Angels make their investment decisions. Investigating how Business Angels make their investment decisions will identify some of the causes of this high failure rate. In turn this will help to suggest ways for entrepreneurs to increase their likelihood of successful interactions with investors. Real-time techniques that involve observing successive interactions between five Business Angels and 150 pitching entrepreneurs are used to gather data on the investment decision-making process. The technique of observational interaction has been used in psychological research to observe interpersonal relationships and their development within the context of a complex process. This complex process can best be understood by breaking down the process into stages. In this research the initial interaction between entrepreneur and Business Angel is investigated. It is found that initially the Business Angels use a filtering technique to expeditiously reject most opportunities. This allows, allow them to concentrate their limited resources on further investigation of a few promising opportunities that appear to offer the highest potential return. The unique data set used in this research is taken from a reality TV show – CBC Dragons’ Den – where entrepreneurs participate in order to receive real investment from five wealthy individuals known as “Dragons”. Using the video material gathered during the recording of the show it is possible to observe how the five Dragons initially filter out most opportunities, before looking at more positive factors when determining their interest in investing in the few opportunities remaining. This filtering process involves a non-compensatory technique - Elimination-By-Aspects, where the presence of a single one of eight potential fatal flaws is sufficient reason for rejection. While this may not be the most accurate technique, it is the most cost effective approach to decision-making for the investors. To increase accuracy at later stages, the investors adopt a more compensatory decision-making approaches. Improved understanding of the staged nature of the process, and how Business Angels identify fatal flaws at the initial stage of the interaction, provides valuable insights to both investors and entrepreneurs. Armed with this knowledge they can take steps to eliminate such flaws and improve the overall efficiency of the decision making process. This in turn will lead to an increase in successful outcomes of such interactions and consequently the number of seed ventures that are successful in raising third-party funding from Business Angels.

<p>Studies show that Sweden is a prominent country when it comes to innovations, R&D and patents. These efforts have however not led to commercialization and generation of new businesses, which has led researchers to suspect that many entrepreneurs have defective knowledge regarding how the venture capital industry works and how to operate in order to be successful. The fact that there appears to be a knowledge gap and that receiving funds from investors are important for the growth of entrepreneurial companies and the economy as a whole has awakened our interest to focus our study on this issue.</p><p>In order to get an insight into which questions an entrepreneur raise before seeking venture capital our study takes its starting point with an entrepreneur who is in the process of seeking venture capital. The different topics presented by the entrepreneur led us to the purpose of the thesis, which is to provide guidance for an entrepreneur in pursuit of venture capital through describing and interpreting how investors assess criteria in potential investments.</p><p>To gain a greater understanding of what aspects a venture capitalist takes into consideration when evaluating a potential deal we found it necessary to have a personal dialogue with the selected respondents. This resulted in our decision to use a qualitative methodological approach and through a target-oriented selection the entrepreneur and the seven investors were selected. Our empirical study is based on interviews with the selected respondents.</p><p>The empirical findings and the analysis are compiled together in one chapter. The respondents’ opinions are analyzed together in order to create an overview and to make it possible for the reader to better grasp our findings.</p><p>The study has resulted in a number of suggestions that are presented in a “hand book-like” manner aimed to help the entrepreneur in the pursuit of venture capital and hopefully other entrepreneurs in similar situations. The concluding remarks are presented in chapter 5.</p>

<p> <strong>Abstract</strong><p>This thesis is based on two questions: What are the differences in the outcome of a sport event depending on the choice of method to be used for evaluation? And what method is the most appropriate one in terms of evaluation of the economic effects of sport events? There are two methods used: and the first one is the traditional multiplier analysis and the second method used is introduced by Braunerhielm and Andersson (2007). The economic results of the two different methods used in this thesis have been applied on a real life event, The European Championships in Figure Skating in Malmo City 2003. The two methods is of great importance and they provide us with two suggested results that are of interest, but what method to be used depends on who is making the evaluation and for what purpose. The suggested method by Braunerhielm and Andersson (2007) results in an outcome representing the economic effects of the event concerning all areas in the municipality involved both the private sector and the public sector. This method is of best use for athlete organizations that wants to keep a continuous record of their contribution towards the municipality through events and the positive result will help them promote their importance of existence to the municipality so that they can get public funding for arranging future events and gain more profit by increasing the interest of their association. Whereas,the multiplier analysis is appropriate to use for the municipality, as the results is the tax revenue gained from the event that is to be reinvested in e.g. new schools or roads the result will then help promoting the public funding of sport events to the public. The appropriate method to use is the multiplier analysis as it generates results that is of interest for the public as it calculates the effect for the municipality as a whole and not only the effects for the once directly involved in the sport event.</p></p><p> </p>

Social entrepreneurship is a phenomenon of increasing economic and cultural importance. A key challenge for social enterprises is resource acquisition. However, how social entrepreneurs acquire the resources needed to grow their ventures is not clear. Moreover, social enterprises differ from traditional ventures in several key ways which suggest that research developed from studying traditional entrepreneurs does not fully apply to social entrepreneurs. The focus of this dissertation is how social entrepreneurs use narratives to gather resources. This topic is examined using a multi-study, inductive, theory-building design based on 121 interviews, observation, and archival data. In Study 1, I interview 75 entrepreneurs, investors, and ancillary participants in the social enterprise sector. In Study 2, I construct case studies of eight technology-focused social ventures. The result is a framework explaining how differences in entrepreneurs' narrative tactics and characteristics are associated with differences in their resource acquisition success. Specifically, from Study 1 I develop a typology of social enterprise narratives, identify three narrative-types (personal, social-good, and business), and show that they possess unique elements. Findings from Study 2 demonstrate that the three narrative-types serve as the building blocks for communication with external stakeholders, particularly investors and the media. I find that successful social entrepreneurs used narratives to engage in two tactics -- tailoring and linking -- and constructed narratives with a unique characteristic: multiplexity. These findings contribute to three literatures that formed the basis of the study -- social entrepreneurship, entrepreneurial resource acquisition, and organizational narrative theory -- and have implications for work on competing institutional logics and emotion in stakeholder evaluations. / text

The report explores three development alternatives that support and strengthen Jourdan-Bachman Pioneer Farms as a sustainable nonprofit organization and valued member of the community. Each strategy promotes success through improved stability, increased revenue streams and enhanced volunteer support without depleting current resources or funding. Designed as a potential employment plans for Pioneer Farms, benefits and constraints associated with each course of action are compared and contrasted. / text

In this paper I argue that the development of innovation ideas within the financial system of scientific research might have a counterpart within the financial system of the social sciences and the arts. The ideas of innovation share a common way to evaluate science in terms of how well it can contribute to economic growth. In the past two decades a similar development can be observed within Riksbankens Jubileumsfond (RJ), one of the largest external financiers of the social sciences and the arts in Sweden. The idea of evaluating research used by the innovation ideas has grown popular within RJ, only it seems they evaluate research in terms of how well it fits into an international research community rather than how much it can contribute to economic growth as is the case within the innovation ideas. By examining the different ways of financing research that RJ has used during the last 2 decades, this paper aims to introduce a new perspective in which it is possible to understand the development within this type research funding as a part of a bigger system of development.