Entrepreneurial spawning : experience, education, and exit

Douglas Cumming, Uwe Walz, Jochen Christian Werth

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.

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Year of publication:	February 29, 2016
Authors:	Cumming, Douglas J. ; Walz, Uwe ; Werth, Jochen
Publisher:	Frankfurt am Main : SAFE, Sustainable Architecture for Finance in Europe
Subject:	Venture governance \| entrepreneurship \| entrepreneurial spawning \| angel finance \| venture capital \| exit \| Risikokapital \| Venture capital \| Unternehmensgründung \| Business start-up \| Entrepreneurship \| Entrepreneurship approach \| Corporate Governance \| Corporate governance \| Business Angels \| Business angels

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Extent:	1 Online-Ressource (circa 32 Seiten)
Series:	SAFE working paper. - Frankfurt am Main : SAFE, ZDB-ID 2745463-0. - Vol. no. 122 SAFE Working Paper ; No. 122
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	10.2139/ssrn.2715366 [DOI] hdl:10419/146789 [Handle]
Classification:	G24 - Investment Banking; Venture Capital; Brokerage ; G34 - Mergers; Acquisitions; Restructuring; Corporate Governance ; L26 - Entrepreneurship
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011539856