4.

Expected Results It is likely that the results of this study will show that financing through active
investors (e.g. venture capital, private equity or angel investors) will have a positive influence of the
firm’s performance due to its active involvement and the usage of network effects. This access to
networks in terms of access to resources like employees, more capital, customers and suppliers will give
these companies the potential for a faster growth as its competitors who are financed through non
active investors such as banks. It is expected that the results of this study will have an impact on how
institutional investors evaluate business ventures when it comes to investment decisions as well as how
the government supports business ventures. The learned effects of the relationships between the actors
in the network and the influence on the company’s performance can also be used for public policies to
stimulate employment, investment and innovation.