This paper analyzes empirically the determinants of new born firms' initial size. As survival prospects of young firms … distinguish between different types of entry strategies. On the one hand, we look at entry strategies based on innovation. We … measure innovation by a variable which indicates if a firm carries out continuous R&D. On the other hand, entry is classified …

survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new ventures to investigate the impact of … a mix of success (portfolio/serial) and failure (prior bankruptcy/dissolution) on venture survival outcomes. We find … experiences, are more likely to experience bankruptcy. We find that portfolio and serial experience is unrelated to survival or …