Bret R. Fund's research while affiliated with University of Colorado and other places

Publications (6)

Article
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Sustainability involves the drive to ensure intergenerational fairness. However, the results of actions taken to achieve sustainability often lie far into the future and efforts to promote the welfare of distant generations may or may not ultimately be successful. While both governmental policies and entrepreneurial innovation have been cited as be...
Article
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This paper presents a long overdue reassessment of entrepreneurship through acquisition (ETA). Traditionally considered simply a niche occurrence of small company leveraged buyouts (LBO), ETA is actually a meaningful contributor to a nation’s entrepreneurial capacity and business revitalization. Scholarly understanding of ETA has been severely limi...
Article
We consider how a venture capital firm's perceived uncertainty in new and uncertain industry environments affects its decisions to retain founder-CEOs at companies they take public. We further consider how the human capital of the founder-CEO, the overall experience of the venture capital firm (VCF), and the VCF's specific experience with the new i...
Article
Full-text available
In this chapter we examine the process by which new firms become central actors within their industry networks. We focus, in particular, on how relatively new venture capital (VC) firms become more central within investment syndication networks. We present a model that captures the relationships among (1) the social capital and status of the new VC...

Citations

... Indeed, organizational research makes clear that this sort of market intervention often is ill-advised. Using Monte Carlo simulations, Hunt and Fund (2016) found that government subsidies can forestall more radical changes in long-term investments into alternative technologies. Tokar, Jensen, and Williams (2021) spotlight hidden costs in an effort to urge caution about regulating e-commerce to manage carbon emissions. ...
... When looking at the risk profile of SF as an asset class compared to other private market investment options, SF provide a higher aggregated internal rate of return and less survival, exit and liquidity risks (Fund & Hunt, 2012). In comparison to start-up companies backed by angel investments or venture capital, which display a 35% survival rate, search funds' survival rates range at a 90% level (Fund & Hunt, 2012). ...
... In IMP literature, network position is determined by the location in the business network relative to other actors (Anderson, Havila, Andersen, & Halinen, 1998). For instance, when an actor has a large number of ties to others or controls critical resources (e.g., knowledge or interfaces between buyer and seller), it increases network control and could be assigned a more central network position (Bizzi & Langley, 2012;Håkansson & Johanson, 1992) that may lead to better firm performance (Fund, Pollock, Baker, & Wowak, 2008). Network roles are intertwined closely with network positions, as they reflect how an actor interprets its network position (Abrahamsen, Henneberg, & Naudé, 2012), making network role identification highly dependent on the perspective taken. ...
... Furthermore, founders are likely to aid in the identification and retention of other important employees who might be essential to post-acquisition knowledge integration. Retaining founders after the acquisition should also aid the knowledge transfer and integration process by ensuring that the person or people most familiar with the acquired technologies are present to provide oversight and information (Fischer & Pollock, 2004;Pollock, Fund, & Baker, 2009). Thus, we suggest that both the relative benefits and costs (in the form of learning and inertia, respectively) of venture maturity depend on the degree of founder retention. ...