Araştırma Makalesi
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EXAMINATION OF STARTUPS INVESTMENTS BY RECEIVING THE MOST INVESTMENT SECTORS: THE CASE OF TURKISH STARTUP ECOSYSTEM

Yıl 2024, Cilt: 7 Sayı: 2, 112 - 121, 01.10.2024
https://doi.org/10.32951/mufider.1477483

Öz

Araştırma-geliştirme, inovasyon ve teknoloji kavramlarının bir araya geldiği yapılar olan startuplar, hızlı büyüme ve ölçeklenme yeteneği olan yenilikçi girişimler olarak ifade edilebilir. Gelişmiş ve gelişen ülke ekonomilerinde önemi ve etkinliği her geçen gün artan startupların sayısının artması ise ülke ekonomileri için oldukça önemlidir. Bu nedenle kamu, özel sektör, üniversiteler ve sivil toplum örgütleri tarafından startuplara sunulan destekler startupların önemine paralel olarak hemen hemen her ülkede günden güne artmaktadır. Yapılan bu çalışmada nitel araştırma yöntemlerinden olan doküman analizi yöntemi kullanılarak ikincil kaynaklardan elde edilen verilerle Türkiye’de yıllar içerisinde startuplara yapılan toplam yatırımlar ve yatırım adetleri sektörler özelinde incelenmiştir. Çalışmadan elde edilen veriler incelendiğinde en çok startup kurulan ve en çok yatırım alan sektörlerin çok sayıda başarılı startup ve unicorn (değeri bir milyar doları aşan startuplar) çıkartan sektörler olduğu sonucuna ulaşılmıştır.

Kaynakça

  • Altundal, V., & Başar, M. (2020). Financing and valuation of early-stage startups. Detay Publishing. Ankara.
  • Aminova, M. and Marchi, E. (2021) The role of innovation on start-up failure vs. its success. International Journal of Business Ethics and Governance, 4(1), 41-72. doi: 10.51325/ijbeg.v4i1.60.
  • Bai, S., & Zhao, Y. (2021). Startup investment decision support: Application of venture capital scorecards using machine learning approaches. Systems, 9(3), 2-11. https://doi.org/10.3390/systems9030055
  • Cantamessa, M., Gatteschi, V., Perboli, G., & Rosano, M. (2018). Startups’ roads to failure. Sustainability, 10(7), 2346. https://doi.org/10.3390/su10072346
  • CBINSIGHTS (2024). The List of Unicorn Report. https://www.cbinsights.com/research-unicorn-companies (Date of Access: 20 April 2024).
  • Corbin, J., & Strauss, A. (2008). Basics of Qualitative Research. 3 Edition. Los Angeles, Sage Publications.
  • David, D., Gopalan, S., & Ramachandran, S. (2021). The startup environment and funding activity in India. In Investment in startups and small business financing (pp. 193-232). https://doi.org/10.1142/9789811235825_0007
  • Festel, G. Wuermseher, M. & Cattaneo. G. (2013). Valuation of early stage high-tech start-up companies. International Journal of Business, 18(3), 216-231. http://hdl.handle.net/20.500.11850/71902
  • Grčić Fabić, M. (2022). Perspectives and Challenges in the Development of the Croatian Digital Startup Sector. In: Olgić Draženović, B., Buterin, V., Suljić Nikolaj, S. (eds) Real and Financial Sectors in Post-Pandemic Central and Eastern Europe. Contributions to Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-99850-9_9
  • Hochberg, Y. V., Ljungqvist, A., & Lu, Y. (2010). Networking as a barrier to entry and the competitive supply of venture capital. The Journal of Finance, 65(3), 829-859. https://doi.org/10.1111/j.1540-6261.2010.01554.x
  • Jacob, M. (2017). Entrepreneurships and startup programmes: Opportunities in travel and tourism. Atna Journal of Tourism Studies, 12(2), 51-65. https://doi.org/10.12727/ajts.18.3
  • Kalyanasundaram, G. (2018). Why do startups fail? A case study based empirical analysis in Bangalore. Asian Journal of Innovation and Policy, 7 (1), 79-102.
  • Kane, T. J. (2010). The importance of startups in job creation and job destruction. Kane, Tim J., The Importance of Startups in Job Creation and Job Destruction. Available at SSRN: https://ssrn.com/abstract=1646934 or http://dx.doi.org/10.2139/ssrn.1646934
  • Kassicieh, S. K. (2010). The knowledge economy and entrepreneurial activities in technology-based economic development. Journal of the Knowledge Economy, 1, 4–47. https://doi.org/10.1007/s13132-009-0005-8
  • Keogh, D., Johnson, D.K.N. (2021). Survival of the funded: Econometric analysis of startup longevity and success. J. Entr. Manag. Innov. 17, 29–49. doi: https://doi.org/10.7341/20211742
  • Khelil, N. (2016). The many faces of entrepreneurial failure: Insights from an empirical taxonomy. Journal of Business Venturing, 31(1), 72-94. https://doi.org/10.1016/j.jbusvent.2015.08.001
  • Kim, B., Kim, H., & Jeon, Y. (2018). Critical success factors of a design startup business. Sustainability, 10(9), 2981. https://doi.org/10.3390/su10092981
  • Klein, M., Neitzert, F., Hartmann-Wendels, T., & Kraus, S. (2019). Start-up financing in the digital age: A systematic review and comparison of new forms of financing. The Journal of Entrepreneurial Finance, 21(2), 46-98. https://hdl.handle.net/10419/264405
  • Konga, Y., & Ramaiah, K. (2021). The role of innovation in startup business financing, performance, and survival. In Handbook of Research on Future Opportunities for Technology Management Education (pp. 331-348). IGI Global.
  • Lee, S. B. (2017). An analysis on the critical startup success factors in small-sized venture businesses. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(3), 53-63.
  • Leong, C., Tan, B., Xiao, X., Tan, F. T. C., & Sun, Y. (2017). Nurturing a FinTech ecosystem: The case of a youth microloan startup in China. International Journal of Information Management, 37(2), 92-97. https://doi.org/10.1016/j.ijinfomgt.2016.11.006
  • Malhotra, K. (2022). Factors Influencing Startups in an Emerging Economy: A Literature Review. IUP Journal of Entrepreneurship Development, 19(1).
  • MINISTRY OF INDUSTRY AND TECHNOLOGY OF THE REPUBLIC OF TÜRKİYE (2024). 15 new turcorn candidates have been identified, www.sanayi.gov.tr/medya/haber/15-yeni-turcorn-adayi-belirlendi (Date of Access: 1 April 2024).
  • Nanda, R., & Rhodes-Kropf, M. (2013). Investment cycles and startup innovation. Journal of Financial Economics, 110(2), 403-418. https://doi.org/10.1016/j.jfineco.2013.07.001
  • Nigbor-Drożdż, A. (2021). Startup and the economy 4.0. International Journal for Quality Research, 16(3), 749-766. DOI – 10.24874/IJQR16.03-06
  • Norouzi, A., Sadighi, H., Abbasi, E., Fami, H. S., & Aski, H. M. (2023). Strategic analysis of startup ecosystem in Iran’s agricultural sector. Journal of Global Entrepreneurship Research, 13(1). https://doi.org/10.1007/s40497-023-00346-4
  • Sahlman, W. (2010). Risk and reward in venture capital. Harvard Business School Entrepreneurial Management Case, (811-036).
  • Sak, R., Sak, İ. T., Şendil, Ç. Ö., & Nas, E. (2021). Document analysis as a research method. Kocaeli University Journal of Education, 4(1), 227-256. https://doi.org/10.33400/kuje.843306
  • Samila, S., & Sorenson, O. (2011). Venture capital, entrepreneurship, and economic growth. The Review of Economics and Statistics, 93(1), 338-349. https://doi.org/10.1162/REST_a_00066
  • Soegoto, D. S., & Faridh, M. (2020, July). Developments of information technology and digital startup sector of agriculture in Indonesia. In IOP Conference Series: Materials Science and Engineering (Vol. 879, No. 1, p. 012137). IOP Publishing. DOI 10.1088/1757-899X/879/1/012137
  • STARTUPSWATCH (2023). Turkish Startup Ecosystem Report 2022.
  • STARTUPSWATCH (2024). Turkish Startup Ecosystem Report 2023.
  • Teece, D. J. (2010). Business models, business strategy and innovation. Long Range Planning, 43(2-3), 172-194. https://doi.org/10.1016/j.lrp.2009.07.003
  • Thomas, A., Passaro, R., & Quinto, I. (2019). Developing entrepreneurship in digital economy: The ecosystem strategy for startups growth. Chapter 6. In Strategy and Behaviors in the Digital Economy, 1-20. London: Intechopen.

EXAMINATION OF STARTUPS INVESTMENTS BY RECEIVING THE MOST INVESTMENT SECTORS: THE CASE OF TURKISH STARTUP ECOSYSTEM

Yıl 2024, Cilt: 7 Sayı: 2, 112 - 121, 01.10.2024
https://doi.org/10.32951/mufider.1477483

Öz

Startups, which are structures where the concepts of research and development, innovation and technology come together, can be described as innovative initiatives with the ability to grow rapidly and scale. The increase in the number of startups, whose importance and effectiveness are increasing day by day in the economies of developed and developing countries, is very important for the country's economies. For this reason, the support provided to startups by the public, private sector, universities, and non-governmental organizations is increasing day by day in almost every country, in parallel with the importance of startups. In this study, the total investments and investment numbers made in startups in Türkiye over the years were examined specifically for startup sectors, using the document analysis method, which is one of the qualitative research methods, and data obtained from secondary sources. When the data obtained from the study was examined, it was concluded that the sectors where the most startups were founded, and the most investments were made were the sectors with more successful startups and unicorns.

Kaynakça

  • Altundal, V., & Başar, M. (2020). Financing and valuation of early-stage startups. Detay Publishing. Ankara.
  • Aminova, M. and Marchi, E. (2021) The role of innovation on start-up failure vs. its success. International Journal of Business Ethics and Governance, 4(1), 41-72. doi: 10.51325/ijbeg.v4i1.60.
  • Bai, S., & Zhao, Y. (2021). Startup investment decision support: Application of venture capital scorecards using machine learning approaches. Systems, 9(3), 2-11. https://doi.org/10.3390/systems9030055
  • Cantamessa, M., Gatteschi, V., Perboli, G., & Rosano, M. (2018). Startups’ roads to failure. Sustainability, 10(7), 2346. https://doi.org/10.3390/su10072346
  • CBINSIGHTS (2024). The List of Unicorn Report. https://www.cbinsights.com/research-unicorn-companies (Date of Access: 20 April 2024).
  • Corbin, J., & Strauss, A. (2008). Basics of Qualitative Research. 3 Edition. Los Angeles, Sage Publications.
  • David, D., Gopalan, S., & Ramachandran, S. (2021). The startup environment and funding activity in India. In Investment in startups and small business financing (pp. 193-232). https://doi.org/10.1142/9789811235825_0007
  • Festel, G. Wuermseher, M. & Cattaneo. G. (2013). Valuation of early stage high-tech start-up companies. International Journal of Business, 18(3), 216-231. http://hdl.handle.net/20.500.11850/71902
  • Grčić Fabić, M. (2022). Perspectives and Challenges in the Development of the Croatian Digital Startup Sector. In: Olgić Draženović, B., Buterin, V., Suljić Nikolaj, S. (eds) Real and Financial Sectors in Post-Pandemic Central and Eastern Europe. Contributions to Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-99850-9_9
  • Hochberg, Y. V., Ljungqvist, A., & Lu, Y. (2010). Networking as a barrier to entry and the competitive supply of venture capital. The Journal of Finance, 65(3), 829-859. https://doi.org/10.1111/j.1540-6261.2010.01554.x
  • Jacob, M. (2017). Entrepreneurships and startup programmes: Opportunities in travel and tourism. Atna Journal of Tourism Studies, 12(2), 51-65. https://doi.org/10.12727/ajts.18.3
  • Kalyanasundaram, G. (2018). Why do startups fail? A case study based empirical analysis in Bangalore. Asian Journal of Innovation and Policy, 7 (1), 79-102.
  • Kane, T. J. (2010). The importance of startups in job creation and job destruction. Kane, Tim J., The Importance of Startups in Job Creation and Job Destruction. Available at SSRN: https://ssrn.com/abstract=1646934 or http://dx.doi.org/10.2139/ssrn.1646934
  • Kassicieh, S. K. (2010). The knowledge economy and entrepreneurial activities in technology-based economic development. Journal of the Knowledge Economy, 1, 4–47. https://doi.org/10.1007/s13132-009-0005-8
  • Keogh, D., Johnson, D.K.N. (2021). Survival of the funded: Econometric analysis of startup longevity and success. J. Entr. Manag. Innov. 17, 29–49. doi: https://doi.org/10.7341/20211742
  • Khelil, N. (2016). The many faces of entrepreneurial failure: Insights from an empirical taxonomy. Journal of Business Venturing, 31(1), 72-94. https://doi.org/10.1016/j.jbusvent.2015.08.001
  • Kim, B., Kim, H., & Jeon, Y. (2018). Critical success factors of a design startup business. Sustainability, 10(9), 2981. https://doi.org/10.3390/su10092981
  • Klein, M., Neitzert, F., Hartmann-Wendels, T., & Kraus, S. (2019). Start-up financing in the digital age: A systematic review and comparison of new forms of financing. The Journal of Entrepreneurial Finance, 21(2), 46-98. https://hdl.handle.net/10419/264405
  • Konga, Y., & Ramaiah, K. (2021). The role of innovation in startup business financing, performance, and survival. In Handbook of Research on Future Opportunities for Technology Management Education (pp. 331-348). IGI Global.
  • Lee, S. B. (2017). An analysis on the critical startup success factors in small-sized venture businesses. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(3), 53-63.
  • Leong, C., Tan, B., Xiao, X., Tan, F. T. C., & Sun, Y. (2017). Nurturing a FinTech ecosystem: The case of a youth microloan startup in China. International Journal of Information Management, 37(2), 92-97. https://doi.org/10.1016/j.ijinfomgt.2016.11.006
  • Malhotra, K. (2022). Factors Influencing Startups in an Emerging Economy: A Literature Review. IUP Journal of Entrepreneurship Development, 19(1).
  • MINISTRY OF INDUSTRY AND TECHNOLOGY OF THE REPUBLIC OF TÜRKİYE (2024). 15 new turcorn candidates have been identified, www.sanayi.gov.tr/medya/haber/15-yeni-turcorn-adayi-belirlendi (Date of Access: 1 April 2024).
  • Nanda, R., & Rhodes-Kropf, M. (2013). Investment cycles and startup innovation. Journal of Financial Economics, 110(2), 403-418. https://doi.org/10.1016/j.jfineco.2013.07.001
  • Nigbor-Drożdż, A. (2021). Startup and the economy 4.0. International Journal for Quality Research, 16(3), 749-766. DOI – 10.24874/IJQR16.03-06
  • Norouzi, A., Sadighi, H., Abbasi, E., Fami, H. S., & Aski, H. M. (2023). Strategic analysis of startup ecosystem in Iran’s agricultural sector. Journal of Global Entrepreneurship Research, 13(1). https://doi.org/10.1007/s40497-023-00346-4
  • Sahlman, W. (2010). Risk and reward in venture capital. Harvard Business School Entrepreneurial Management Case, (811-036).
  • Sak, R., Sak, İ. T., Şendil, Ç. Ö., & Nas, E. (2021). Document analysis as a research method. Kocaeli University Journal of Education, 4(1), 227-256. https://doi.org/10.33400/kuje.843306
  • Samila, S., & Sorenson, O. (2011). Venture capital, entrepreneurship, and economic growth. The Review of Economics and Statistics, 93(1), 338-349. https://doi.org/10.1162/REST_a_00066
  • Soegoto, D. S., & Faridh, M. (2020, July). Developments of information technology and digital startup sector of agriculture in Indonesia. In IOP Conference Series: Materials Science and Engineering (Vol. 879, No. 1, p. 012137). IOP Publishing. DOI 10.1088/1757-899X/879/1/012137
  • STARTUPSWATCH (2023). Turkish Startup Ecosystem Report 2022.
  • STARTUPSWATCH (2024). Turkish Startup Ecosystem Report 2023.
  • Teece, D. J. (2010). Business models, business strategy and innovation. Long Range Planning, 43(2-3), 172-194. https://doi.org/10.1016/j.lrp.2009.07.003
  • Thomas, A., Passaro, R., & Quinto, I. (2019). Developing entrepreneurship in digital economy: The ecosystem strategy for startups growth. Chapter 6. In Strategy and Behaviors in the Digital Economy, 1-20. London: Intechopen.
Toplam 34 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Finans
Bölüm Makaleler
Yazarlar

Vahdet Altundal 0000-0002-3586-5413

Erken Görünüm Tarihi 1 Ekim 2024
Yayımlanma Tarihi 1 Ekim 2024
Gönderilme Tarihi 2 Mayıs 2024
Kabul Tarihi 15 Haziran 2024
Yayımlandığı Sayı Yıl 2024 Cilt: 7 Sayı: 2

Kaynak Göster

APA Altundal, V. (2024). EXAMINATION OF STARTUPS INVESTMENTS BY RECEIVING THE MOST INVESTMENT SECTORS: THE CASE OF TURKISH STARTUP ECOSYSTEM. Muhasebe Ve Finans İncelemeleri Dergisi, 7(2), 112-121. https://doi.org/10.32951/mufider.1477483



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