A basic model of the choice between entrepreneurship(particularly start-ups) and "intrapreneurship" (business venturing byestablished companies) highlights the key distinction between the two types ofbusiness creation: because internal ventures are funded by firms with relatedprojects, failed...

This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more...