HARMONY OR DISSONANCE? START-UP INVESTMENTS AND FAMILY BUSINESSES
In the context of this research project, Dr Anne Heider from WIFU and Peter Nadolinski from the Institute for Family Business and SMEs at WHU are investigating the motivations for start-up investments by family businesses and how they integrate start-ups into their investment strategy. The project is supervised by Prof. Dr. Nadine Kammerlander, Head of the Institute for Family Businesses and SMEs at WHU.
Against the background of the continuously growing number of family businesses investing in start-ups, the aim of this study is to answer the core questions “What motivates family businesses to invest in start-ups?” and “How do family businesses deal with possible dissonances to their fundamental risk attitude, control and long-term orientation in start-up investments?”. Already in the pilot phase of the study, exciting observations were made about the complexity of motivations and initial situations of different family businesses for start-up investments, which will now be deepened and expanded together with the participants of the study.
For this purpose, 8-10 family businesses, start-ups and venture capital funds will each be interviewed as part of a qualitative multi-case study in order to better understand the “why” and “how” of start-up investments by family businesses. Ideally, several people in the company and family are interviewed for this purpose in order to capture multiple perspectives. The information collected will be treated 100% confidentially and with guaranteed anonymity.
Participants of the study will receive exclusive insights on the results of our study in a practice report.
Peter Nadolinski, Dr. Anne Heider, Prof. Dr. Nadine Kammerlander
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