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Abstract From the perspective of entrepreneurial capability of new enterprises, and based on the multi-case analysis method, we selected the typical cases to explore the internal influence mechanism of private venture capital on the entrepreneurial capability of new ventures through horizontal comparison between cases. The results show that private venture capital mainly influences the entrepreneurial capability of new ventures through three mechanisms, namely value-added service platform, signal transmission and supervision management; and the three mechanisms play slightly different roles in terms of opportunity-related ability and resource-related ability. Value-added service platform is mainly realized by building network relationship, providing management experience and providing financial support. The supervision management mechanism is mainly realized by means of financial supervision and legal supervision. The signaling mechanism is mainly realized through the reputation brought by venture capital.
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Received: 03 June 2019
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