Exploring Angel Investor Impact: Diving into the Shark Tank!

IF 0.4 Q4 BUSINESS, FINANCE
M. Cannice, Ludwig B. Chincarini, Ryan M. Leary
{"title":"Exploring Angel Investor Impact: Diving into the Shark Tank!","authors":"M. Cannice, Ludwig B. Chincarini, Ryan M. Leary","doi":"10.3905/jai.2023.1.184","DOIUrl":null,"url":null,"abstract":"This article explores the investment impact and performance of a unique group of angel investors: those featured on the television show Shark Tank. It explores the relationship between the investors’ individual characteristics such as experience, reputation, and network, with their investments’ performance and attributes. The authors find evidence that investor and deal characteristics matter for predicting whether an investor is more or less likely to make offers and close deals. However, on average, Sharks do not have the ability to select outperforming companies, where investment performance is measured by the survival and website traffic of the start-up companies. They found the reputational impact of Shark Tank as a venue is significant. While these Shark investors are not typical of the vast majority of angel investors, the authors identify fundamental insights that may be of value to understanding the much larger and less famous angel investor community and the entrepreneurial firms they finance.","PeriodicalId":45142,"journal":{"name":"Journal of Alternative Investments","volume":null,"pages":null},"PeriodicalIF":0.4000,"publicationDate":"2023-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Alternative Investments","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/jai.2023.1.184","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 1

Abstract

This article explores the investment impact and performance of a unique group of angel investors: those featured on the television show Shark Tank. It explores the relationship between the investors’ individual characteristics such as experience, reputation, and network, with their investments’ performance and attributes. The authors find evidence that investor and deal characteristics matter for predicting whether an investor is more or less likely to make offers and close deals. However, on average, Sharks do not have the ability to select outperforming companies, where investment performance is measured by the survival and website traffic of the start-up companies. They found the reputational impact of Shark Tank as a venue is significant. While these Shark investors are not typical of the vast majority of angel investors, the authors identify fundamental insights that may be of value to understanding the much larger and less famous angel investor community and the entrepreneurial firms they finance.
探索天使投资者的影响力:跳进鲨鱼缸!
本文探讨了一个独特的天使投资人群体的投资影响和表现:那些出现在电视节目《创智赢家》中的天使投资人。它探讨了投资者的个人特征(如经验、声誉和网络)与投资业绩和属性之间的关系。作者发现证据表明,投资者和交易特征对于预测投资者是否更有可能提出报价并完成交易很重要。然而,平均而言,“鲨鱼”并不具备选择表现优异的公司的能力,这些公司的投资业绩是通过初创公司的生存和网站流量来衡量的。他们发现《创智赢家》的声誉影响是巨大的。虽然这些鲨鱼投资者并不是绝大多数天使投资者的典型代表,但作者发现了一些基本的见解,这些见解可能对理解规模更大、知名度更低的天使投资者群体和他们资助的创业公司有价值。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
1.50
自引率
14.30%
发文量
40
期刊介绍: The Journal of Alternative Investments (JAI) provides you with cutting-edge research and expert analysis on managing investments in hedge funds, private equity, distressed debt, commodities and futures, energy, funds of funds, and other nontraditional assets. JAI is the official publication of the Chartered Alternative Investment Analyst Association (CAIA®). JAI provides you with challenging ideas and practical tools to: •Profit from the growth of hedge funds and alternatives •Determine the optimal mix of traditional and alternative investments •Measure and track portfolio performance •Manage your alternative investment portfolio with proven risk management practices
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信