Explores the effects of the events surrounding the founding of a firm on its subsequent strategic choices and long-term development. Theorists write about how the beliefs and attitudes of the entrepreneur or the environment conditions at time of founding leave imprints on the firm or leave...

The Angel Investor Performance Project (AIPP) collected information from 539 angel investors who were members of eighty-six angel investor groups and who had experienced 1,137 exits from their angel investments. This data set, the largest-ever set of angel investor exits, utilized angel...

Through a longitudinal study of the product development portfolios of 457 US-based firms in the biotechnology industry, we investigate how prolific inventors shape a firm’s innovative direction following product development failure. Contrary to received wisdom, we argue and demonstrate that an...

A genealogical theory of new venture creation posits that “parent” firm routines are transferred to “progeny” ventures founded by the former employees of these parents. This study examines how the knowledge available to a venture from its parent firms and individual founders, as well as...