This study explores the value added contribution of informal investors in the entrepreneurial process, something that up to date has received very limited attention. By analyzing the life experience and career background of four informal investors the study examines the personal resources these individuals build up and develop during their careers and how these experientially acquired resources facilitate the recognition and exploitation of entrepreneurial investment opportunities. The overall results suggest that their careers can be described as an experiential learning process that has facilitated the development of valuable skills and knowledge that is of critical importance for the entrepreneurial projects they later become engaged in as informal investors. The case analysis also identifies two types of personal resources: skill-specific resources (know-how) and network resources (know-who) that have a significant influence on their ability to contribute with value added in the entrepreneurial process.
|Publication status||Unpublished - 2006|
Bibliographical noteCIRCLE Working Paper Series, 2006/12.
Subject classification (UKÄ)
- Social Sciences Interdisciplinary
- Economics and Business
- opportunity exploitation
- opportunity recognition
- Informal investors
- Entrepreneurial process
- investment opportunity