Entrepreneurial Spawning: Experience, Education, and Exit
We investigate the career dynamics of high‐tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as a business angel, to found another firm, or to become dependently employed. Our detailed data from CrunchBase indicate that founders are more likely to stick with entrepreneurship a...
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Veröffentlicht in: | The Financial review (Buffalo, N.Y.) N.Y.), 2016-11, Vol.51 (4), p.507-525 |
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container_title | The Financial review (Buffalo, N.Y.) |
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creator | Cumming, Douglas Walz, Uwe Werth, Jochen Christian |
description | We investigate the career dynamics of high‐tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as a business angel, to found another firm, or to become dependently employed. Our detailed data from CrunchBase indicate that founders are more likely to stick with entrepreneurship as a serial entrepreneur or as an angel investor in cases where the founder had prior experience either in founding other startups or working for a startup, or had a “jack‐of‐all‐trades” education. |
doi_str_mv | 10.1111/fire.12109 |
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subjects | angel finance Angel investors entrepreneurial spawning Entrepreneurs entrepreneurship exit G24 G34 L26 Startups venture capital Venture capital companies Venture governance |
title | Entrepreneurial Spawning: Experience, Education, and Exit |
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