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Taking into account the most flattering studies, only 40% of new companies surpass the critical seven years of existence and just a 3% of startups go on to scale up. Nonetheless, 45.8% of all founders have failed at least once in the past, and therefore, they can be classified as serial...
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inhabitants are taken into account, some regions have persistently higher entrepreneurship rates than others. Proposed … effects. Regional differences in entrepreneurship have also been linked to the availability of role models (Fornahl 2003 …; Sternberg 2009; Malecki 2009). It can be argued that in regions with high rates of entrepreneurship, entrepreneurial role models …
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