Resumo:
Venture Capital has a prominent role in the innovation scenario, supporting
and financing the evolution of startups through the size of resources. Brazil,
stands out in America in relation to innovation and large volume of sports
received in recent years, and with the perspective of growth, however it is
below more developed developed countries. Therefore, it is necessary to
improve investment decision-making strategies, so that the criteria are
efficient. In this, this objective work is analyzed how it will determine the
decision of specialists in the context of Venture Capital to contribute their
resources. To this end, a survey was carried out with 14 experts, with data
collection carried out through an internet delivery. And for the analysis of the
data, the characterization of the respondents, detection of outliers, analysis of
the relevance attributed to the investment decision criteria, analysis of
agreement and, finally, a comparison between the results of the Systematic
Literature Review and the survey. There were a total of 121 criteria, 51
subcategories and 7 categories. From the comparison of practical and
theoretical results, it was found that the category entrepreneur characteristics
is the most relevant, corroborating other works identified in RSL, where
human capital is the highlight; reinforcing the importance of the development
of these characteristics by educational systems. As for the other categories,
despite appearing in a different order, the dispersion between the values is
low. This dissertation contributes in a way to boost the development of
venture capital ecosystems in Brazil, making more startups obtain capital
contributions through the criteria presented here. It also contributes to the
global literature on this topic.
