Kerr, William R.; Nanda, Ramana; Rhodes-Kropf, Matthew - 2014
Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that … entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is … even has a chance to compete in a market. We contend that costs and constraints on the ability to experiment alter the type …