Digital presence and organisational factors in international new ventures

This study examines the role of external digital presence, internal organisational factors, and the relationship between network integration factors and funding for international new ventures, exploring the under-researched space of international new ventures between well-established multinationals and born-globals. The first contribution of this study is using a multi-theory approach, proposing a model that builds on current literature on international new firms, relating it to perspectives on social capital and networking. Secondly, we contrast the physical internationalisation of new ventures, with their virtually global digital presence. Findings show that regardless of the hype on the role of the internet and digital presence, they have no significant impact on internationalisation. For practitioners, our study suggests that although new ventures in general can internationalise, larger firms in terms of size, age and value are better positioned to do so, but it is necessary to consider variations across industries, venture capital iterations, competitors and investors.