The paper highlights venture capital (VC) as crucial for global innovation and economic growth, beyond Silicon Valley. It identifies three key success determinants: entrepreneurial team , strategy and business model , and market context , using the jockey-horse-meadow model. Insights focus on improving VC success rates and guiding startups and investors in the venture capital ecosystem.

This research offers crucial insights into venture capital success factors, emphasizing three primary determinants: the entrepreneurial team , strategy and business model , and market context . Utilizing the "jockey-horse-meadow" model, the study highlights how team composition, business model clarity, and market conditions impact VC investments. Understanding team dynamics and leadership is vital for driving innovation and investor confidence. The clarity and scalability of a startup’s business model significantly affect its attractiveness to VCs. Additionally, market context, including macroeconomic conditions and legal frameworks, plays a crucial role in VC success. These insights provide practical guidance for both investors and entrepreneurs, enhancing decision-making and effectiveness within the venture capital ecosystem.