Revising the Entrepreneur Opportunity Fit Model : Addressing the Moderating Role of Cultural Fit and Prior Start-Up Experience

Entrepreneurial research has paid scant attention to the fit between the entrepreneur and the opportunity. Thus, this paper focuses on addressing the entrepreneur-opportunity match needed to increase the likelihood of success when a specific opportunity is selected. The model proposes that the closer the entrepreneur's characteristics, such as knowledge, skills, abilities, and opportunity recognition, match those of the opportunity, such as financial capital and market realities, the greater the possibility of attaining a strong fit. In turn, this can lead to venture success. Last, cultural fit and prior start-up experience are proposed to moderate the venture's success