Analysis of mechanisms for creating non-financial values of venture capitalists for start-up companies

Venture capitalists have a role to play in providing their startups with more than just funding and creating value for their start-ups. The present research, using the case study method, investigates the cooperation pattern of venture capitalists and startups companies through the analysis of 6 risky investments made in the period (1393-1400) through 23 semi-structured interviews with venture capitalists and start-ups, examines the mechanisms of non-financial value creation using qualitative interview content analysis and centralized coding.The results of this study show that the creation of non-financial values of venture capitalists has two general external and internal orientations. The results also indicate that not all venture capitalists are necessarily able to create non-financial value in all areas, and it is necessary for such investors to consider the simultaneous and balanced development of non-financial value-creating capabilities in their long-term approaches and select start-ups.Start-up companies should also pay attention to the selection of venture capitalists and determine their expectations from this investment to prevent possible conflicts in interaction with this type of investors.