Asia-Pacific Journal of Business Venturing and Entrepreneurship (벤처창업연구)

The Korean Society of Business Venturing (한국벤처창업학회)
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Network Analysis of ICT Startup Investment in Korea

한국의 ICT 스타트업 투자에 대한 네트워크 분석

  • Hyun Jung, Kim (Graduate School of Management of Technology Management of Technology, Sungkyunkwan University)
  • 김현정 (성균관대학교 기술경영전문대학원)
  • Received : 2023.01.04
  • Accepted : 2023.02.23
  • Published : 2023.02.28
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Abstract

The purpose of this study is to analyze the ICT startup investment status in Korea and examine the relationship between startups and venture capitals by network analysis. In this study, the Gephi was used to analyze network attribute values and to compare the results of each centrality. As a result of the analysis, IMM investment, Altos Ventures, and Smilegate Investment were located in the top ranks in each centrality. It can present that venture capital companies ranked high in betweenness centrality, closeness centrality, eigenvector centrality have continuously invested in growing startups into unicorns from 2014 to 2019. These results can be used as data for startups want to receive funding from venture capital in the future in consider to the relation of startup and invest industry. This study provides information to develop strategies for the sustainable venture investment environment in Korea of stakeholders such as startups, venture capital, consumers, and the government; as a result, it can help various follow-up studies in the field of startups and venture capital.

본 연구의 목적은 ICT 스타트업과 투자 유치에 대한 네트워크 분석을 통하여 한국의 ICT 스타트업 투자 현황을 살펴보고 스타트업과 벤처캐피탈 간의 관계를 연구하는 것이다. 한국의 ICT 스타트업 투자 특성을 파악하기 위해 Gephi를 통한 네트워크 속성값을 추출하여 그 결과를 토대로 각 중심성의 결과를 비교 분석하였다. 분석 결과, 상위권에는 IMM investment, Altos Ventures, Smilegate Investment 등이 위치해 있으며, 매개 중심성, 인접 중심성, 위세 중심성에서 상위권에 위치해 있는 벤처캐피탈사가 2014년부터 2019년까지 유니콘으로 성장하는 스타트업에 지속해서 벤처 투자를 진행해 왔음을 알 수 있다. 이러한 결과는 향후 벤처캐피탈로부터 자금조달을 받고 싶은 스타트업이 업계 투자 현황을 고려하여 벤처캐피탈 간의 관계성을 파악할 수 있는 자료로 활용할 수 있다. 정책적 관점에서 창업 초기에 스타트업이 죽음의 계곡을 지나 성장, 발전하는 데 필요한 육성 전략 수립과 민간 및 정부 자금 지원과 관련 정책 방향성 마련에 기초자료로 도움을 줄 수 있을 것으로 기대한다.

Keywords

Acknowledgement

본 연구는 IBK 학술논문 연구지원사업 지원을 받아 수행됨

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