Blog

Economics Minister Martin Kocher has introduced a notable proposal: an Austrian Fund of Funds for Venture Capital. The idea follows the intention of ÖVP, to strengthen Austria’s position across all economic sectors. Berthold Baurek-Karlic, CEO of Venionaire Capital, sees potential positive developments for Austria as a business location in this proposal. 

In the previous discussion on startup challenges, we explored how entrepreneurial ventures often fail to become established firms. Many startups falter as they navigate the “valley of death,” struggling to scale operations and grow their customer base. Successfully overcoming these challenges is crucial for new ventures to reduce the risk of failure and ensure long-term survival.

Entrepreneurial ventures aim to bring novel ideas to life. Despite their brilliance, 90% of these ventures fail to become established companies (Krishna et al., 2016). As they grow, startups face different challenges at each stage of their life cycle. Successfully becoming an established firm is crucial to reducing the risk of failure (Picken, 2017; Rayport, 2022).