MDF Theses and Dissertations (2024)

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Browsing MDF Theses and Dissertations (2024) by Author "Wakwoma, S. N."

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    Effects of venture capital funding on management quality of startups in Nairobi City County
    (Strathmore University, 2024) Wakwoma, S. N.
    Venture capitalists provide assistance to startups in an effort to address their financial and management failures. Therefore, this study examined effects of venture capital funding (venture capital financial; technical; and management support) on management quality of startups in Nairobi City County. The study adopted positivist research philosophy and employed a descriptive research design. The target population was 308 startups from which a sample size of 174 was calculated. chief executive officers, chief financial officers, or chief operating officers were purposefully selected as respondents. The findings indicated a positive and significant effect of venture capital financial support and management support on management quality. The study recommends for venture capitalists to provide ad hoc management support due to the diverse and unique nature of startups and the environment in which they are operating. This means flexible management support should be tailored to an enterprise and not undertaking a one-fits-all approach to providing management support. The study recommends for fiscal policies that will encourage international venture capitalists to invest in local startup firms. These policies can include having tax incentives among others to encourage international interest into the venture capital market. Key Words: Venture capital finance, Startups, venture capital funding, management quality, equity finance, debt finance, staged finance, syndicated finance, Venture Capitalists.