Exploratory qualitative study on the impact of business angel involvement on the entrepreneurial success of backed start-ups in Morocco

Abstract

The main objective of this article is to broaden understanding of the different forms of involvement of business angels in the companies they finance and, more specifically, the effects of this involvement on entrepreneurial success.

Indeed, a review of the literature reveals that the relationship between the two concepts remains understudied, especially in emerging countries such as Morocco. To this end, we conducted an exploratory qualitative study with six startup founders and six business angels. We explored in depth the potential links between four dimensions of involvement and post-investment entrepreneurial success.

The data were collected using two interview guides and were processed using thematic analysis. This study enabled us to understand how stakeholders perceive the positive effect of BA involvement and entrepreneurial success, as well as the factors that may influence this relationship.

Classification JEL : G23 ; M13 ; L25 

Paper type : Empirical Research