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Software Start-up Failure: An exploratory study on the impact of investment

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review


Original languageEnglish
Title of host publicationProceedings of 9th International Workshop on Software Ecosystems
Number of pages10
Publication statusPublished - 30 Nov 2017
Publication typeA4 Article in a conference publication
EventInternational Workshop on Software Ecosystems -
Duration: 1 Jan 1900 → …

Publication series

NameCEUR workshop proceedings
ISSN (Electronic)1613-0073


ConferenceInternational Workshop on Software Ecosystems
Period1/01/00 → …


Studying new venture success and failure is central to understanding the dynamics of new venture persistence. Investments, would they be subsidies, venture capital or shareholder investments, are seen as a statement of venture quality, but also as a tool for rapid growth. This study is a exploratory study that focus on creating understanding on if investment serve as a explanatory factor to increased activity (revenue). This study address whether software start-ups differ if the company has early stage investments and what is this relationship with the company being active later. We use the set of over 1,000 Finnish companies founded during 2010–2013 as an empirical material for our inquiry. The results show that, invested companies are different than not invested companies, but revenues are higher for the latter.

Publication forum classification

Field of science, Statistics Finland

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