TY  - UNPD
A1  - Cumming, Douglas J.
A1  - Walz, Uwe
A1  - Werth, Jochen Christian
T1  - The dynamics of entrepreneurial careers in high-tech ventures: experience, education, and exit
T2  - SAFE working paper series ; No. 122
N2  - 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.
T3  - SAFE working paper - 122 
KW  - entrepreneurship
KW  - entrepreneurial spawning
KW  - angel finance
KW  - venture capital
KW  - exit
Y1  - 2016
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/39299
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-392990
UR  - http://ssrn.com/abstract=2715366
IS  - August 19, 2015
PB  - SAFE
CY  - Frankfurt am Main
ER  -