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Spann, M., Adams, M. and Wortman, M.S. (1988) Entrepreneurship: Definitions, Dimensions and Dilemmas. In: Proceedings of the Third Annual Conference, US Association for Small Business and Entrepreneurship, Kennesaw, GA, 147-153.

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• TITLE: Does Venture Capital Investment Lead to a Change in Start-Ups’ Intellectual Property Strategies?

  AUTHORS: Philipp Sandner, Christa Dufter, Richard Geibel

  KEYWORDS: Entrepreneurial Finance, Venture Capital, Patents, Trademarks, Intellectual Property

  JOURNAL NAME: American Journal of Industrial and Business Management, Vol.6 No.12, December 26, 2016

  ABSTRACT: This paper examines the influence of venture capital (VC) funding on start-ups’ intellectual property (IP) strategies. More specifically, the number of additionally filed patent and trademark applications after subsequent VC funding rounds is investigated. The results from the analysis of 531 start-ups show that VC funding has a strong influence on consecutive IP strategy. Already first funding rounds lead to a remarkable growth of start-ups’ IP portfolios. Yet, although VCs especially promote product commercialization of start-ups, a greater growth of trademark compared to patent portfolios cannot be identified. However, this changes during the progress along the venture cycle.