Sources Degree of success period Total Already existing shareholders Success Year 2007 76.8 Already existing shareholders Success Year 2010 55.3 Already existing shareholders Partial success Year 2007 11.8 Already existing shareholders Partial success Year 2010 17.1 Already existing shareholders Failure Year 2007 11.4 Already existing shareholders Failure Year 2010 27.5 Already existing shareholders TOTAL Year 2007 100.0 Already existing shareholders TOTAL Year 2010 100.0 Non-shareholder executives Success Year 2007 8.2 Non-shareholder executives Success Year 2010 13.7 Non-shareholder executives Partial success Year 2007 2.2 Non-shareholder executives Partial success Year 2010 21.7 Non-shareholder executives Failure Year 2007 89.6 Non-shareholder executives Failure Year 2010 64.6 Non-shareholder executives TOTAL Year 2007 100.0 Non-shareholder executives TOTAL Year 2010 100.0 Other company employees Success Year 2007 31.4 Other company employees Success Year 2010 3.9 Other company employees Partial success Year 2007 0.0 Other company employees Partial success Year 2010 12.7 Other company employees Failure Year 2007 68.6 Other company employees Failure Year 2010 83.4 Other company employees TOTAL Year 2007 100.0 Other company employees TOTAL Year 2010 100.0 Capital risk funds and business angels Success Year 2007 5.5 Capital risk funds and business angels Success Year 2010 4.0 Capital risk funds and business angels Partial success Year 2007 2.8 Capital risk funds and business angels Partial success Year 2010 0.0 Capital risk funds and business angels Failure Year 2007 91.7 Capital risk funds and business angels Failure Year 2010 96.0 Capital risk funds and business angels TOTAL Year 2007 100.0 Capital risk funds and business angels TOTAL Year 2010 100.0 Relatives, friends or other persons not mentioned previously Success Year 2007 7.6 Relatives, friends or other persons not mentioned previously Success Year 2010 15.7 Relatives, friends or other persons not mentioned previously Partial success Year 2007 60.6 Relatives, friends or other persons not mentioned previously Partial success Year 2010 28.8 Relatives, friends or other persons not mentioned previously Failure Year 2007 31.8 Relatives, friends or other persons not mentioned previously Failure Year 2010 55.5 Relatives, friends or other persons not mentioned previously TOTAL Year 2007 100.0 Relatives, friends or other persons not mentioned previously TOTAL Year 2010 100.0 Initial Public Offers or other offers to the stock market Success Year 2007 47.1 Initial Public Offers or other offers to the stock market Success Year 2010 0.0 Initial Public Offers or other offers to the stock market Partial success Year 2007 0.0 Initial Public Offers or other offers to the stock market Partial success Year 2010 0.0 Initial Public Offers or other offers to the stock market Failure Year 2007 52.9 Initial Public Offers or other offers to the stock market Failure Year 2010 100.0 Initial Public Offers or other offers to the stock market TOTAL Year 2007 100.0 Initial Public Offers or other offers to the stock market TOTAL Year 2010 100.0 Banks Success Year 2007 86.0 Banks Success Year 2010 60.8 Banks Partial success Year 2007 12.4 Banks Partial success Year 2010 14.6 Banks Failure Year 2007 1.5 Banks Failure Year 2010 24.6 Banks TOTAL Year 2007 100.0 Banks TOTAL Year 2010 100.0 Other financial institutions Success Year 2007 74.1 Other financial institutions Success Year 2010 2.1 Other financial institutions Partial success Year 2007 0.0 Other financial institutions Partial success Year 2010 43.5 Other financial institutions Failure Year 2007 25.9 Other financial institutions Failure Year 2010 54.4 Other financial institutions TOTAL Year 2007 100.0 Other financial institutions TOTAL Year 2010 100.0 Other companies Success Year 2007 73.4 Other companies Success Year 2010 17.2 Other companies Partial success Year 2007 4.9 Other companies Partial success Year 2010 16.1 Other companies Failure Year 2007 21.7 Other companies Failure Year 2010 66.6 Other companies TOTAL Year 2007 100.0 Other companies TOTAL Year 2010 100.0 Public Administrations and other sources of capital financing Success Year 2007 20.2 Public Administrations and other sources of capital financing Success Year 2010 5.4 Public Administrations and other sources of capital financing Partial success Year 2007 0.0 Public Administrations and other sources of capital financing Partial success Year 2010 15.0 Public Administrations and other sources of capital financing Failure Year 2007 79.8 Public Administrations and other sources of capital financing Failure Year 2010 79.6 Public Administrations and other sources of capital financing TOTAL Year 2007 100.0 Public Administrations and other sources of capital financing TOTAL Year 2010 100.0 TOTAL Success Year 2007 70.2 TOTAL Success Year 2010 32.6 TOTAL Partial success Year 2007 11.2 TOTAL Partial success Year 2010 15.7 TOTAL Failure Year 2007 18.6 TOTAL Failure Year 2010 51.7 TOTAL TOTAL Year 2007 100.0 TOTAL TOTAL Year 2010 100.0