Das gemeinsam mit Prof. Dr. Jörn H. Block (Universität Trier), Geertjan de Vries (Erasmus University Rotterdam) und Dr. Philipp Sandner (Technische Universität München) verfasste Paper Trademarks and Venture Capital Valuation wurde beim Journal of Business Venturing zur Veröffentlichung angenommen. Das Journal of Business Venturing: A Journal Dedicated to Entrepreneurship gehört zu den weltweit führenden Journals im Bereich Entrepreneurship und ist im VHB-Ranking als A-Journal eingestuft.
Abstract des Beitrags:
This study investigates the role of trademarks in the start-up valuations of venture capitalists (VCs). Our results show that the number and breadth of trademark applications have inverted U-shaped relationships with the financial valuations of start-ups by VCs. The findings also indicate that in later funding rounds, the value of trademark applications decreases when the start-up progresses into more advanced development stages. Start-ups should consider these findings when seeking funding from VCs and should stress their market and growth orientations and their willingness to protect their marketing investments by highlighting their trademark activities.