Business angels (BAs) and venture capitalists (VCs) play major roles in the early funding stages of a venture. Although a significant proportion of venture
(3) when the degree of time-point inconsistency is much greater than that of time-flow inconsistency, and the exit opportunity is close to the VC fund’s expiry date, naive venture capitalists exit later than time-point-inconsistent venture capitalists, and sophisticated venture capitalists exit ...
ES can promote human well-being, and therefore, have attracted much attention of the general public and governments worldwide [2]. Over the past 20 years, research has focused on quantifying, assessing, mapping, and managing ES [3,4]. However, many questions remains to be answered about ...