%0 Journal Article
%T Relocation to Get Venture Capital: A Resource Dependence Perspective
%A Sofie De Prijcker
%A Sophie Manigart
%A Tom Vanacker
%A Veroniek Collewaert
%J Entrepreneurship Theory and Practice
%@ 1540-6520
%D 2019
%R 10.1177/1042258717739003
%X Using a resource dependence perspective, we theorize and show that non-venture-capital-backed ventures founded in U.S. states with a lower availability of venture capital (VC) are more likely to relocate to California (CA) or Massachusetts (MA)¡ªthe two VC-richest states¡ªcompared to ventures founded in states with a greater availability of VC. Moreover, controlling for self-selection, ventures that relocate to CA or MA subsequently have a greater probability of attracting initial VC compared to ventures that stay in their home state. We discuss the implications for theory, future research, and practice
%K venture capital
%K entrepreneurial finance
%K relocation
%K resource dependence theory
%U https://journals.sagepub.com/doi/full/10.1177/1042258717739003