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This study explores the application of large language models (LLMs) in venture capital (VC) decision-making, focusing on predicting startup success based on founder characteristics. We utilize LLM prompting techniques, like…

Computation and Language · Computer Science 2024-07-09 Ekin Ozince , Yiğit Ihlamur

Predicting startup success presents a formidable challenge due to the inherently volatile landscape of the entrepreneurial ecosystem. The advent of extensive databases like Crunchbase jointly with available open data enables the application…

Machine Learning · Computer Science 2023-09-28 Mark Potanin , Andrey Chertok , Konstantin Zorin , Cyril Shtabtsovsky

Venture capital (VC) investments in early-stage startups that end up being successful can yield high returns. However, predicting early-stage startup success remains challenging due to data scarcity (e.g., many VC firms have information…

Machine Learning · Computer Science 2026-01-28 Abdurahman Maarouf , Alket Bakiaj , Stefan Feuerriegel

Predicting the success of start-up companies, defined as achieving an exit through acquisition or IPO, is a critical problem in entrepreneurship and innovation research. Datasets such as Crunchbase provide both structured information (e.g.,…

Machine Learning · Computer Science 2025-10-14 Rabeya Tus Sadia , Qiang Cheng

Investors are interested in predicting future success of startup companies, preferably using publicly available data which can be gathered using free online sources. Using public-only data has been shown to work, but there is still much…

Machine Learning · Computer Science 2023-12-12 Emily Gavrilenko , Foaad Khosmood , Mahdi Rastad , Sadra Amiri Moghaddam

We consider in this paper the problem of predicting the ability of a startup to attract investments using freely, publicly available data. Information about startups on the web usually comes either as unstructured data from news, social…

Computational Engineering, Finance, and Science · Computer Science 2022-04-14 Mariia Garkavenko , Eric Gaussier , Hamid Mirisaee , Cédric Lagnier , Agnès Guerraz

Predicting the success of startup companies is of great importance for both startup companies and investors. It is difficult due to the lack of available data and appropriate general methods. With data platforms like Crunchbase aggregating…

Machine Learning · Computer Science 2021-12-16 Dafei Yin , Jing Li , Gaosheng Wu

LLM based agents have recently demonstrated strong potential in automating complex tasks, yet accurately predicting startup success remains an open challenge with few benchmarks and tailored frameworks. To address these limitations, we…

Artificial Intelligence · Computer Science 2025-04-22 Xisen Wang , Yigit Ihlamur , Fuat Alican

Early-stage startup investment is a high-risk endeavor characterized by scarce data and uncertain outcomes. Traditional machine learning approaches often require large, labeled datasets and extensive fine-tuning, yet remain opaque and…

Artificial Intelligence · Computer Science 2025-06-05 Xianling Mu , Joseph Ternasky , Fuat Alican , Yigit Ihlamur

While small businesses are increasingly turning to online crowdfunding platforms for essential funding, over 40% of these campaigns may fail to raise any money, especially those from low socio-economic areas. We utilize the latest…

General Economics · Economics 2024-07-16 Teng Ye , Jingnan Zheng , Junhui Jin , Jingyi Qiu , Wei Ai , Qiaozhu Mei

This study proposes a method for predicting startup inclusion, estimating the probability that a venture capital fund will invest in a given startup. Unlike general recommendation systems, which typically rank multiple candidates, our…

Computational Engineering, Finance, and Science · Computer Science 2025-12-01 Koutarou Tamura

Startups often represent newly established business models associated with disruptive innovation and high scalability. They are commonly regarded as powerful engines for economic and social development. Meanwhile, startups are heavily…

Computational Finance · Quantitative Finance 2024-06-11 Lele Cao , Vilhelm von Ehrenheim , Sebastian Krakowski , Xiaoxue Li , Alexandra Lutz

We address the issue of the factors driving startup success in raising funds. Using the popular and public startup database Crunchbase, we explicitly take into account two extrinsic characteristics of startups: the competition that the…

General Finance · Quantitative Finance 2019-06-10 Clement Gastaud , Theophile Carniel , Jean-Michel Dalle

As the dependence on computer systems expands across various domains, focusing on personal, industrial, and large-scale applications, there arises a compelling need to enhance their reliability to sustain business operations seamlessly and…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-10-24 Priyanka Mudgal , Bijan Arbab , Swaathi Sampath Kumar

Proper implementation of technical and administrative controls reinforces an organization's cybersecurity posture and business resilience, reduces risks, and enhances governance, ultimately elevating business maturity. The dynamics of the…

Cryptography and Security · Computer Science 2026-05-08 Gustavo Roberto Pinto , Arthur do Prado Labaki , Rodrigo Sanches Miani

Large language models (LLMs) can already identify patterns and reason effectively, yet their variable accuracy hampers adoption in high-stakes decision-making applications. In this paper, we study this issue from a venture capital…

Artificial Intelligence · Computer Science 2025-10-28 Rick Chen , Joseph Ternasky , Aaron Ontoyin Yin , Xianling Mu , Fuat Alican , Yigit Ihlamur

Large Language Models (LLMs) have been employed in financial decision making, enhancing analytical capabilities for investment strategies. Traditional investment strategies often utilize quantitative models, fundamental analysis, and…

General Finance · Quantitative Finance 2025-07-04 Sedigheh Mahdavi , Jiating , Chen , Pradeep Kumar Joshi , Lina Huertas Guativa , Upmanyu Singh

Crowdfunding has emerged as a widespread strategy for startups seeking financing, particularly through reward-based methods. However, understanding its economic impact at both micro and macro levels requires thorough analysis, often…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-02-23 Giuseppe Pipitò , Emanuele Macca

Exit timing after an IPO is one of the most consequential decisions for venture capital (VC) investors, yet existing research focuses mainly on describing when VCs exit rather than evaluating whether those choices are economically optimal.…

Portfolio Management · Quantitative Finance 2026-01-06 Mohammadhossien Rashidi

Most venture capital (VC) investments fail, while a few deliver outsized returns. Accurately predicting startup success requires synthesizing complex relational evidence, including company disclosures, investor track records, and investment…

Artificial Intelligence · Computer Science 2026-01-06 Haoyu Pei , Zhongyang Liu , Xiangyi Xiao , Xiaocong Du , Suting Hong , Kunpeng Zhang , Haipeng Zhang
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