The dynamics of entrepreneurial careers in high-tech ventures: experience, education, and exit

We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to found another firm, to become dependently employed, or to act as a business angel. Our detailed data resting
We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to found another firm, to become dependently employed, or to act as a business angel. Our detailed data resting on the CrunchBase online database indicate that founders stick with entrepreneurship as a serial entrepreneur or as an angel investor only in cases where the founder (1) had experience either in founding other startups or working for a startup, (2) had a ‘jack-of-all-trades’ education, or (3) achieved substantial financial success upon a venture capital exit transaction.
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Metadaten
Author:Douglas J. Cumming, Uwe Walz, Jochen Christian Werth
URN:urn:nbn:de:hebis:30:3-392990
URL:http://ssrn.com/abstract=2715366
DOI:http://dx.doi.org/10.2139/ssrn.2715366
Parent Title (English):SAFE working paper series ; No. 122
Series (Serial Number):SAFE working paper series (122)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Date of Publication (online):2016/01/15
Date of first Publication:2016/01/15
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2016/02/02
Tag:angel finance; entrepreneurial spawning; entrepreneurship; exit; venture capital
Issue:August 19, 2015
Pagenumber:36
HeBIS PPN:37241768X
Institutes:Wirtschaftswissenschaften
House of Finance (HoF)
Center for Financial Studies (CFS)
Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:330 Wirtschaft
JEL-Classification:G24 Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies (Updated!)
G34 Mergers; Acquisitions; Restructuring; Corporate Governance
L26 Entrepreneurship
Sammlungen:Universitätspublikationen
Licence (German):License Logo Veröffentlichungsvertrag für Publikationen

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