Independent variables

VIF

Tolerance

Venture capital instruments

Convertible redeemable preference

8.25

0.47

Preferred equity and debt

5.21

0.76

Preferred and common equity

1.77

0.83

Debt

1.89

0.88

Common equity

4.28

0.82

Perceived failure

9.17

0.75

Preferred equity

6.44

0.56

Control mechanisms

Conversion control right

4.37

0.95

Veto management decision

2.13

0.59

Performance options

4.16

0.61

Preemptive control rights

4.60

0.42

Put/Warranty options

2.97

0.30

Right to demand liquidation of assets

2.12

0.36

Right to exit the investment

2.25

0.44