Entrepreneurial Experience, Financing and Performance of Start-ups

Lecture in Korean

Image from Freepik

Sangmoon Park, Professor, College of Business Administration, Kangwon National University

Thursday, January 12, 2023
11:00 AM - 12:00 PM (Pacific Time)

10383 Bunche Hall (10th floor)

There is an increasing interest in innovative startups all over the world. Most startups often fail because they do not have enough financing and resources despite promising business ideas. To overcome these obstacles, it is important to understand that diverse backgrounds and experience of founders are vital to acquire initial funding and generate early performance. Entrepreneurs can have necessary financing resources from different funding methods according to the growth process of startups.

It was found that the prior start-up experiences of Korean and US entrepreneurs had different effects on financing. Among the funding channels of Korean startups, venture capital investment is increasing recently, but the total size of investment and the type of preferred sectors are limited. Although corporate venture capitals in the US have played key roles in investing and acquiring promising startups, Korean corporate venture capitals has been limited in their investment and acquisitions. For exit strategy, most Korean startups have preferred to IPO rather than M&A preferred in US startups. In this lecture, Professor Park will explain the effects of Korean and American founders' experiences on funding and performance, alongside the comparison of their development stages.

*Event is exclusive to CKS Visiting Scholars, graduate/undergraduate students, and faculty

koreanstudies@international.ucla.edu