The dynamics of entrepreneurial careers in high-tech ventures : 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 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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Year of publication:	December 11, 2015
Authors:	Cumming, Douglas J. ; Walz, Uwe ; Werth, Jochen
Publisher:	Frankfurt am Main : SAFE, Sustainable Architecture for Finance in Europe
Subject:	entrepreneurship \| entrepreneurial spawning \| angel finance \| venture capital \| exit \| systemically important financial institutions \| Risikokapital \| Venture capital \| Unternehmensgründung \| Business start-up \| Entrepreneurship \| Entrepreneurship approach \| Hochtechnologie \| High technology \| Unternehmensfinanzierung \| Corporate finance

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Extent:	1 Online-Ressource (circa 36 Seiten)
Series:	SAFE working paper. - Frankfurt am Main : SAFE, ZDB-ID 2745463-0. - Vol. no. 122
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Datei wurde von der herausgebenden Institution entfernt.
Other identifiers:	hdl:10419/129058 [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/10011436054