High-growth firms appear to be key drivers of new industries and technologies. Here we investigate the contribution of these and other types of firm to a technology cluster, in the context of ‘creative destruction' shaping the evolution of the cluster. Evidence on the reallocation of scarce...

This paper examines setbacks in the early growth of new firms. Growth interruptions mark the unfolding, cumulative processes of firm growth overlooked in standard studies that use cross sectional methods. To probe for possible patterns in growth setbacks, we examined a cohort of 200 high...

This study investigates interruptions in the early growth of new firms.Although researchers have largely ignored this issue, a decade-long study of 237 high-tech firms founded in 1990 reveals the prevalence of growth interruptions among young firms. Indeed, even firms with the best survival...