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Delayed Project Terminations in the Venture Capital Context: An Escalation of Commitment Perspective

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4.81
41,332 ratings · 9,913 reviews
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OFFICIAL VERIFIED

Delayed Project Terminations in the Venture Capital Context: An Escalation of Commitment Perspective

4.81 41,332 ratings · 9,913 reviews
Discover Delayed Project Terminations in the Venture Capital Context: An Escalation of Commitment Perspective by Dominik Steinkühler. Start reading today and explore ideas, insights, and experiences that stay with you.

Overview: Venture capital plays an important role in the entrepreneurial process of providing financing and management support to young, rapidly growing companies. While venture capital investment success stories such as those of Microsoft, Apple and Google are well known, such „home runs" are rather rare. Many investments provide little or no return so that accurately evaluating the prospects of portfolio companies and terminating further engagement in unsuccessful ventures in time is key to the overall portfolio performance of venture capital firms. When venture capitalists act rationally it should be expected that investment terminations are neither systematically premature nor systematically delayed. However, recent studies have discovered a systematic tendency toward delayed project terminations of unsuccessful investments that cannot be reconciled with a model of rational decision making. The present study examines such delayed project terminations in the venture capital industry and investigates whether escalation of commitment may provide an appropriate perspective on the phenomenon and contribute to its explanation. The study develops a comprehensive theoretical framework that synthesizes and integrates several economically irrational drivers of project escalation. A large scale survey among European venture capitalists provides the basis for the empirical analysis of the hypothesized relationships. The analysis yields valuable new insights into the interaction of different escalation drivers, which are much more intertwined than previously supposed by the literature, and permits to suggest effective escalation countermeasures for practice. The considerations and findings of the study are generalizable beyond the venture capital context to a wide variety of settings in which organizations routinely make sequential investment decisions.

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Details & Genres

Fiction Literature Bestseller Recommended
Length N/A pages
Published November 15, 2010
ISBN-13 14640809

More Books By: Dominik Steinkühler


Dominik Steinkühler
About the Author Dominik Steinkühler
13,536 followers

After spending years working in the corporate world, Dominik Steinkühler finally decided to pursue a lifelong passion for writing. They currently reside in a quiet suburb where they spend most of their time outlining new stories, reading extensively, and occasionally attempting to bake.

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Michelle Smith
Michelle Smith November 20, 2024
Such a great read. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Glad I picked this up.
Dorothy Baker
Dorothy Baker January 27, 2025
Finished it in a couple of days. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Definitely recommend it if you like this genre.
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Susan Harris
Susan Harris January 26, 2025
Good, but not quite perfect. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Enjoyable weekend read.
Thomas Nguyen
Thomas Nguyen March 17, 2024
Pretty good overall. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Enjoyable weekend read.
Barbara  Davis
Barbara Davis July 20, 2025
Honestly one of the better books I've read lately. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Will be looking for more from this author.
Edward Turner
Edward Turner February 24, 2025
Pretty good overall. The middle dragged a tiny bit, but the ending totally made up for it. Still a good book.
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William Green June 01, 2025
A solid read. It held my attention, even if a few things were a little predictable. A solid 4 stars from me.
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Donna Brown February 20, 2025
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Kimberly Martinez October 28, 2025
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Paul Thomas May 23, 2024
Glad someone recommended this to me. The author did a great job wrapping everything up at the end. No weird plot holes left behind. A solid 5/5 for me.
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Margaret Hernandez August 23, 2024
I liked it for the most part. The middle dragged a tiny bit, but the ending totally made up for it. Still a good book.
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Laura Collins June 09, 2025
I was pleasantly surprised. I got really invested in the main character's journey. Everything just clicked for me. Will be looking for more from this author.
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Sandra Lopez December 19, 2025
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James Edwards August 20, 2024
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Matthew Smith January 26, 2024
A solid read. I liked the main character, though some of the side plots were just okay. A solid 4 stars from me.
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Really enjoyed this one. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Worth the time and money.
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Glad someone recommended this to me. I got really invested in the main character's journey. Everything just clicked for me. Worth the time and money.
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Susan Smith January 15, 2025
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Elizabeth Clark June 04, 2025
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Elizabeth Edwards August 30, 2025
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Dorothy  Parker
Dorothy Parker December 12, 2024
Finished it in a couple of days. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Glad I picked this up.
Kevin Lee
Kevin Lee August 15, 2024
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George Brown
George Brown October 10, 2024
Such a great read. I loved how the story unfolded. It kept me guessing without being too confusing. Worth the time and money.
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Donald Martinez March 09, 2025
A solid read. The middle dragged a tiny bit, but the ending totally made up for it. Not bad at all.
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Melissa Miller May 12, 2025
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Such a great read. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. A solid 5/5 for me.
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Patricia Reyes January 30, 2024
Such a great read. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Would probably read it again at some point.
Thomas Johnson
Thomas Johnson January 11, 2024
Glad someone recommended this to me. The writing style is very engaging. It’s easy to follow but still has a lot of depth. A solid 5/5 for me.
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Really enjoyed this one. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Worth the time and money.
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A very satisfying read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Will be looking for more from this author.
Matthew Garcia
Matthew Garcia July 10, 2024
Finished it in a couple of days. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Definitely recommend it if you like this genre.
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Really enjoyed this one. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Definitely recommend it if you like this genre.
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Dorothy Sanchez September 08, 2024
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Such a great read. The author did a great job wrapping everything up at the end. No weird plot holes left behind. A solid 5/5 for me.
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Really enjoyed this one. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. A solid 5/5 for me.
Edward Lee
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Really enjoyed this one. I got really invested in the main character's journey. Everything just clicked for me. Will be looking for more from this author.
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Jessica Edwards February 28, 2024
Really enjoyed this one. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Will be looking for more from this author.
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Robert Diaz July 10, 2025
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Honestly one of the better books I've read lately. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
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Betty Rodriguez March 03, 2025
Finished it in a couple of days. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Glad I picked this up.
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A very satisfying read. I got really invested in the main character's journey. Everything just clicked for me. Will be looking for more from this author.
David King
David King December 06, 2024
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Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. Glad I picked this up.
David Roberts
David Roberts April 25, 2024
Such a great read. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. A solid 5/5 for me.
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Finished it in a couple of days. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Worth the time and money.
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Eric Anderson
Eric Anderson August 14, 2024
I was pleasantly surprised. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Worth the time and money.
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I liked it for the most part. Interesting premise and executed fairly well. Just a few slow chapters here and there. Enjoyable weekend read.
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Honestly one of the better books I've read lately. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
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Honestly one of the better books I've read lately. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Definitely recommend it if you like this genre.
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Anthony Garcia July 10, 2025
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Sarah Harris
Sarah Harris March 03, 2024
I was pleasantly surprised. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Definitely recommend it if you like this genre.
Nancy Clark
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Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. Would probably read it again at some point.
Nicholas Miller
Nicholas Miller April 07, 2025
A very satisfying read. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. A solid 5/5 for me.
Donna Phillips
Donna Phillips December 10, 2025
Glad someone recommended this to me. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Definitely recommend it if you like this genre.
Amanda Evans
Amanda Evans February 04, 2024
Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. Glad I picked this up.
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Honestly one of the better books I've read lately. I got really invested in the main character's journey. Everything just clicked for me. Definitely recommend it if you like this genre.
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I have mixed feelings about this one. The writing was fine, but I didn't feel very connected to the characters. They felt a bit flat. Might work better for someone else, just wasn't completely for me.
Edward Miller
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Kimberly Rodriguez February 29, 2024
Such a great read. I loved how the story unfolded. It kept me guessing without being too confusing. Will be looking for more from this author.
Jessica Moore
Jessica Moore September 13, 2025
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Linda Brown
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I was pleasantly surprised. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Worth the time and money.
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Really enjoyed this one. I loved how the story unfolded. It kept me guessing without being too confusing. Worth the time and money.
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Honestly one of the better books I've read lately. I got really invested in the main character's journey. Everything just clicked for me. Definitely recommend it if you like this genre.
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Glad someone recommended this to me. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Would probably read it again at some point.
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Such a great read. I got really invested in the main character's journey. Everything just clicked for me. A solid 5/5 for me.
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Joseph Hernandez September 04, 2024
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Rebecca Scott September 06, 2024
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Paul Thomas
Paul Thomas November 26, 2024
Pretty good overall. It held my attention, even if a few things were a little predictable. Enjoyable weekend read.
Mary Green
Mary Green December 21, 2024
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Jennifer  Parker
Jennifer Parker October 31, 2024
A very satisfying read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Will be looking for more from this author.
Lisa Hernandez
Lisa Hernandez June 30, 2024
Really enjoyed this one. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Definitely recommend it if you like this genre.
Linda Green
Linda Green January 03, 2024
Finished it in a couple of days. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Glad I picked this up.
Eric Moore
Eric Moore June 25, 2024
Finished it in a couple of days. I got really invested in the main character's journey. Everything just clicked for me. Definitely recommend it if you like this genre.
Paul Jones
Paul Jones May 17, 2024
Such a great read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Would probably read it again at some point.
Melissa Johnson
Melissa Johnson July 13, 2025
Honestly one of the better books I've read lately. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Glad I picked this up.
Kenneth Harris
Kenneth Harris November 12, 2024
Took me a few chapters to get into it, but it was worth it. I liked the main character, though some of the side plots were just okay. A solid 4 stars from me.
Margaret White
Margaret White March 25, 2024
A solid read. I liked the main character, though some of the side plots were just okay. Still a good book.
Gary Phillips
Gary Phillips September 15, 2024
An average read for me. The writing was fine, but I didn't feel very connected to the characters. They felt a bit flat. It's fine if you have nothing else to read.
Dorothy Baker
Dorothy Baker August 30, 2025
Pretty good overall. Interesting premise and executed fairly well. Just a few slow chapters here and there. Still a good book.
Daniel Gonzalez
Daniel Gonzalez March 01, 2024
I have mixed feelings about this one. The pacing was a bit slow and I found myself skimming a few pages. It wasn't terrible, just okay. A generous 3 stars.
Jessica Jones
Jessica Jones March 11, 2025
Good, but not quite perfect. I liked the main character, though some of the side plots were just okay. Not bad at all.
Mary Walker
Mary Walker March 10, 2024
Really enjoyed this one. I got really invested in the main character's journey. Everything just clicked for me. Definitely recommend it if you like this genre.
David Green
David Green January 21, 2025
I liked it for the most part. I liked the main character, though some of the side plots were just okay. Still a good book.
Emily Scott
Emily Scott July 25, 2024
Glad someone recommended this to me. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Will be looking for more from this author.
Brian Jackson
Brian Jackson July 11, 2024
I was pleasantly surprised. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Worth the time and money.
Ashley Rivera
Ashley Rivera May 18, 2024
Finished it in a couple of days. I got really invested in the main character's journey. Everything just clicked for me. Glad I picked this up.
Daniel Gonzalez
Daniel Gonzalez April 30, 2024
Such a great read. I got really invested in the main character's journey. Everything just clicked for me. Worth the time and money.
Thomas Rodriguez
Thomas Rodriguez August 20, 2024
Such a great read. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Definitely recommend it if you like this genre.
Cynthia Harris
Cynthia Harris June 13, 2025
Glad someone recommended this to me. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Will be looking for more from this author.
Richard Mitchell
Richard Mitchell November 28, 2025
I liked it for the most part. Interesting premise and executed fairly well. Just a few slow chapters here and there. Not bad at all.
Joshua  Davis
Joshua Davis June 20, 2024
Honestly one of the better books I've read lately. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Would probably read it again at some point.
Mark Nelson
Mark Nelson April 06, 2025
Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. Glad I picked this up.
Dorothy Smith
Dorothy Smith January 21, 2024
A very satisfying read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Glad I picked this up.
Laura Johnson
Laura Johnson January 08, 2024
I liked it for the most part. I liked the main character, though some of the side plots were just okay. Still a good book.
Karen Moore
Karen Moore February 15, 2025
It was okay. The pacing was a bit slow and I found myself skimming a few pages. It wasn't terrible, just okay. Might work better for someone else, just wasn't completely for me.
Kimberly Evans
Kimberly Evans July 20, 2024
It was just alright. The writing was fine, but I didn't feel very connected to the characters. They felt a bit flat. Might work better for someone else, just wasn't completely for me.
Edward Jackson
Edward Jackson August 14, 2025
Finished it in a couple of days. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. A solid 5/5 for me.
Cynthia  Parker
Cynthia Parker November 13, 2025
A solid read. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Not bad at all.
Rebecca Evans
Rebecca Evans May 18, 2024
Glad someone recommended this to me. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Will be looking for more from this author.
David Green
David Green March 16, 2025
A solid read. It held my attention, even if a few things were a little predictable. A solid 4 stars from me.
Gary Williams
Gary Williams January 31, 2025
It was okay. It had some good moments, but the overall plot felt a bit disjointed in the second half. It's fine if you have nothing else to read.
Patricia Walker
Patricia Walker December 22, 2025
It was just alright. The writing was fine, but I didn't feel very connected to the characters. They felt a bit flat. Probably won't read it again, but it was an okay way to pass the time.
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