Hellmann, T. and Puri, M. (2000) The Interaction between Product Market and Financing Strategy: The Role of Venture Capital. The Review of Financial Studies, 13, 959-984.
https://doi.org/10.1093/rfs/13.4.959

has been cited by the following article:

• 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.