Two views of the entrepreneurial spawning process areexamined— that young firms prepare employees to be entrepreneurs by educatingthem about the entrepreneurial process and by exposing them to a network ofentrepreneurs and venture capitalists; and that individuals becomeentrepreneurs because...

This paper compares the financing of new ventures in start-ups (entrepreneurship) and in established firms (intrapreneurship). Intrapreneurship allows established firms to use information on failed intrapreneurs to redeploy them into other jobs. By contrast, failed entrepreneurs must seek other...