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[{"key": "dc.contributor.advisor", "value": "R\u00f6nkk\u00f6, Mikko", "language": "", "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "V\u00e4\u00e4t\u00e4nen, Paula", "language": "", "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2021-07-01T07:14:38Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2021-07-01T07:14:38Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2021", "language": "", "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/76929", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "T\u00e4m\u00e4n tutkimuksen tarkoituksena on tutkia enkelisijoittajien syndikaattien eli yhteissijoitusten muodostumista Suomessa. Enkelisijoittajat toimivat yh\u00e4 enemm\u00e4n ryhmiss\u00e4 tai osana enkeliverkostoja muuttaen enkelisijoituksen luonteen aiemmasta yksil\u00f6toiminnasta kollektiiviseksi aktiviteetiksi. Enkeliryhm\u00e4t ja verkostot tarjoavat yrityksille n\u00e4kyv\u00e4mm\u00e4n kanavan hakea enkelirahoitusta, ja antavat sijoittajille mahdollisuuden yhteissijoituksiin muiden sijoittajaj\u00e4senten kanssa. Tutkimuksen tavoitteena on tuottaa lis\u00e4\u00e4 tietoa siit\u00e4 miten, miksi ja keiden kanssa enkelisijoittajat muodostavat syndikaatteja. Tutkimus toteutettiin monimenetelm\u00e4tutkimuksena hy\u00f6dynt\u00e4en laadullista ja m\u00e4\u00e4r\u00e4llist\u00e4 aineistoa. Aineisto koostui Suomen Business Angels Network FiBAN ry:n ker\u00e4\u00e4m\u00e4st\u00e4 sijoitusdatasta vuosilta 2013\u20132019 ja kahdeksasta eri sijoittajahaastattelusta. Aineiston keruun tavoitteena oli sek\u00e4 selvitt\u00e4\u00e4 enkelisijoittajien n\u00e4kemyksi\u00e4 syndikaattien muodostumisprosessista ett\u00e4 tuottaa visuaalinen verkostokuva toteutuneiden syndikaattisijoitusten muodostamasta enkelisijoittajaverkostosta. Tutkimuksen tulokset osoittavat, ett\u00e4 syndikaattisijoittaminen on yleist\u00e4 suomalaisten enkelisijoittajien keskuudessa. Kaikki sijoittajat pit\u00e4v\u00e4t syndikaattisijoittamista keinona hajauttaa start up -sijoittamiseen liittyv\u00e4\u00e4 riski\u00e4, osallistua rahallisesti suurempiin hankkeisiin ja turvata jatkorahoituksen tarve. Lis\u00e4ksi syndikaattisijoittamisen koettiin parantavan kohteisiin liittyv\u00e4\u00e4 arviointia, kun useamman sijoittajan osaamista voitiin hy\u00f6dynt\u00e4\u00e4 sijoitusp\u00e4\u00e4t\u00f6ksenteossa. Enkelisijoittajat muodostavat syndikaatteja tyypillisesti kahdella tavalla: joko rahoitusta tarvitsevien yritysten ymp\u00e4rille FiBAN:in fasilitoiman sijoitusprosessin tuloksena tai itse oma-aloitteisesti omien sijoittajaverkostojensa kautta. My\u00f6s rahoitusta etsivien yritt\u00e4jien koettiin aktiivisesti muodostavan syndikaatteja ker\u00e4\u00e4m\u00e4ll\u00e4 kiinnostuneet sijoittajat yhteen. Syndikaatteja muodostetaan usein samojen sijoittajien kanssa kuin aikaisemmin ja joihin enkelit luottavat. Toisaalta toistuvat syndikaattisijoitukset edellytt\u00e4v\u00e4t, ett\u00e4 sijoittajat vastaavat toisiaan aktiivisuudessa ja sijoitusfokuksessa. Tuloksista voidaan p\u00e4\u00e4tell\u00e4 syndikaattisijoittamisen ottaneen paikan enkelisijoittajien keskuudessa, mutta sen voidaan todeta olevan melko ep\u00e4formaalia ja riippuvainen sijoittajaverkostojen olemassaolosta. Tutkimus avaa monia mahdollisuuksia jatkotutkimuksille enkelisyndikaateista, joita nykyinen tutkimuskirjallisuus ei ole viel\u00e4 kattavasti tutkinut.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.abstract", "value": "The purpose of this thesis is to examine the formation of angel investor syndicates in Finland. Angel investors have increasingly started to operate in groups or as a part of a network, changing the angel investment market from previously dominant individual activity to more collaborative activity. These angel networks and groups provide a more visible platform for companies to apply for angel funding and for investors to make syndicated investments. The study aims to contribute to the understanding of the process of how, why, and with whom angel syndicates are formed. This study uses mixed-method research with both qualitative and quantitative data. The data sample consists of quantitative angel investment data between the years 2013-2019 collected by the Finnish Business Angel Network (FiBAN) and qualitative interviews conducted with eight angel investors. The objective of the data collection is to produce information about how angel investors form syndicates and to visually map the basic structure of the angel syndication network. The study\u2019s results show that syndicate investing is common among Finnish angel investors. All of the investors see syndication as a way to diversify the risks related to startup investing, make larger total investments, and guarantee possible follow-up funding. Operating in syndicates also improves the quality of how the investments are assessed, given more knowledge is available through multiple investors. The angel investors typically form syndicates in two ways: either the syndicate is formed around the investee company through the formal investment process facilitated by FiBAN, or the angels collate the syndicate themselves from the investors in their network. Entrepreneurs searching for funding could also form syndicates if they bring potential individual investors together. Angels often syndicate with investors whom they have invested with in the past and who they trust. Furthermore, repeated syndications usually form between investors with similar activity and investment focus. The results of the study suggest that syndicate investing has taken its place among Finnish angel investors. However, syndicate formation seems to be rather informal and dependent on the existence of these investor networks that are formed through syndication. The study opens up many possibilities for further research on angel syndication that the current research has not yet exhaustively studied.", "language": "en", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by Miia Hakanen (mihakane@jyu.fi) on 2021-07-01T07:14:38Z\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2021-07-01T07:14:38Z (GMT). No. of bitstreams: 0\n Previous issue date: 2021", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "93", "language": "", "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.format.mimetype", "value": "application/pdf", "language": null, "element": "format", "qualifier": "mimetype", "schema": "dc"}, {"key": "dc.language.iso", "value": "eng", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "In Copyright", "language": "en", "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.subject.other", "value": "angel investor", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "syndication", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "angel syndicate", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "syndication network", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "angel network", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "enkelisijoittajat", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "syndikaatti", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "enkelisijoittaminen", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "enkelisyndikaatti", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "sijoittajaverkosto", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.title", "value": "Angel investor syndication : syndicate formation and networks in Finland", "language": "", "element": "title", "qualifier": null, "schema": "dc"}, {"key": "dc.type", "value": "master thesis", "language": null, "element": "type", "qualifier": null, "schema": "dc"}, {"key": "dc.identifier.urn", "value": "URN:NBN:fi:jyu-202107014117", "language": "", "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Pro gradu -tutkielma", "language": "fi", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Master\u2019s thesis", "language": "en", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4 University School of Business and Economics", "language": "en", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4n yliopiston kauppakorkeakoulu", "language": "fi", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Taloustieteet", "language": "fi", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Business and Economics", "language": "en", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "Jyv\u00e4skyl\u00e4n yliopisto", "language": "fi", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "University of Jyv\u00e4skyl\u00e4", "language": "en", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Yritt\u00e4jyys", "language": "fi", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Entrepreneurship", "language": "en", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "yvv.contractresearch.funding", "value": "0", "language": "", "element": "contractresearch", "qualifier": "funding", "schema": "yvv"}, {"key": "dc.type.coar", "value": "http://purl.org/coar/resource_type/c_bdcc", "language": null, "element": "type", "qualifier": "coar", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "openAccess", "language": null, "element": "rights", "qualifier": "accesslevel", "schema": "dc"}, {"key": "dc.type.publication", "value": "masterThesis", "language": null, "element": "type", "qualifier": "publication", "schema": "dc"}, {"key": "dc.subject.oppiainekoodi", "value": "20422", "language": "", "element": "subject", "qualifier": "oppiainekoodi", "schema": "dc"}, {"key": "dc.subject.yso", "value": "p\u00e4\u00e4omasijoittajat", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "sijoittajat", "language": null, "element": "subject", "qualifier": "yso", 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