FINANCIRANJE PODUZETNIČKOG POTHVATA OD STRANE POSLOVNIH ANĐELA

master's thesis

• Title (english): FINANCING OF AN ENTREPRENEURIAL VENTURE BY BUSINESS ANGELS
• Author: Ante Kljusurić
• Mentor: Mihaela Mikić (mentor)
• Committee member: Ivana Kovač (predsjednik povjerenstva)
• Committee member: Tin Horvatinović (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Managerial Economics); Zagreb
• Defense date and country: 2022-09-28, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

Financiranje poduzetničkog pothvata jedan je od najvećih izazova za svakog pojedinca ili organizaciju prilikom upuštanja u poduzetničke aktivnosti. Izvori financiranja poduzetničkog pothvata su financiranje vlasničke glavnice, financiranje zaduživanjem te državno financiranje. U ovom radu fokus će biti na financiranju vlasničke glavnice putem poslovnih anđela. Poslovni anđeli su pojedinci ili organizacije koji nude kapital za financiranje novih poduzetničkih pothvata. Spremni su preuzeti odluku o financiranju poduzetničkog pothvata već u ranoj fazi njegovog nastajanja, koja je ujedno i najrizičnija u vidu njegovog daljnjeg razvoja.
Svrha ovog diplomskog rada je analizirati koje koristi imaju financirana poduzeća od ovog oblika financiranja, ali i suprotno, koristi za poslovne anđele. Pored financijskih koristi, analizirat će se kvalitativna obilježja financiranja sa svrhom što boljeg vrednovanja analiziranih poduzeća. Fokus će biti na situaciji u Hrvatskoj te razvijenosti ovog oblika financiranja do danas.
U posljednjem dijelu analizirat će se odabrana poduzeća koja su financirana od strane poslovnih anđela okupljenih u Hrvatsku mrežu poslovnih anđela (CRANE). Na temelju odabranog uzorka poduzeća financiranih od strane poslovnih anđela, analizirat će se investicijskih trendovi i rezultati takvih ulaganja u Hrvatskoj. Pored toga, stavit će se fokus na investitora i njegov put od prvih poduzetničkih aktivnosti do profiliranja njega kao poslovnog anđela koji ulaže u poduzeća u ranoj fazi njihovog životnog ciklusa.

Abstract (english)

Financing an entrepreneurial venture is one of the biggest challenges for any individual or organization that engages in entrepreneurial activities. Sources of financing for an entrepreneurial venture are equity financing, debt financing and state financing. In this master’s thesis, the focus will be on equity financing through business angels. Business angels are individuals or organizations that offer capital for financing new entrepreneurial ventures. They are ready to take the decision to finance an entrepreneurial venture already at an early stage of its creation, which is also the most risky in terms of its further development.
The purpose of this master’s thesis is to analyze the benefits that financed companies have from this form of financing, but also the opposite, benefits for business angels. In addition to financial benefits, the qualitative characteristics of financing will be analyzed with the aim of better valuation of the analyzed companies. The focus will be on the situation in Croatia and the development of this form of financing to this day.
In the last part, selected companies that were financed by business angels gathered in the Croatian Business Angels Network (CRANE) will be analyzed. Based on a selected sample of companies financed by business angels, investment trends and results of such investments in Croatia will be analyzed, too. In addition, the focus will be on the investor and his path from the first entrepreneurial activities to profiling him as a business angel who invests in companies in the early phase of their life cycle.

• Keywords: izvori financiranja; poduzetnički pothvat; poslovni anđeli; strategije investiranja; mreže poslovnih anđela
• Keywords (english): Financing Sources; Entrepreneurial Venture; Business Angels; Investment Strategies; Business Angels Networks
• Language: croatian
• URN:NBN: urn:nbn:hr:148:552720
• Study programme: Title: Business Economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2022-09-29 08:30:52