Using multiple longitudinal case studies of young biotechnology firms, we study differences in the financing process … dynamic view of the financing process. We identify isolating mechanisms, including entrepreneurial learning and homophily and … implemented by competitors later on. A core contribution is that we theorize on evolutionary processes in the financing process …

Using multiple longitudinal case studies of young biotechnology firms, we study differences in the financing process … dynamic view of the financing process. We identify isolating mechanisms, including entrepreneurial learning and homophily and … implemented by competitors later on. A core contribution is that we theorize on evolutionary processes in the financing process …