This study examines why some new ventures struggle in spite of an absence of financial constraints.More specifically, the crisis of new ventures is examined within the context of the cash burn of Internet-based firms.Taken together, the hypotheses developed suggest that a firm with a large,...

This study examines why, even when financial resource constraints are significantly relaxed, some new ventures struggle to survive while others prosper. Using the data of approximately 200 new Internet ventures that went public during the years 1997 through 1999, we propose that the performance...