We investigate the differences in venture capital (VC) governance of investee firms with Open Business Models (OBMs), specifically Open Source Software (OSS), versus closed business models. Due to OSS's pronounced complexity and uncertainty, we conjecture that VC-backed OSS firms are more...

In this paper, we jointly consider the organization of the Top Management Team (hereafter: TMT) and the exploitation of opportunities by firms. Specifically, we study whether different ways to combine six main organizational elements of the TMT (i.e., different TMT configurations) relate to...

This article examines the sensitivity of employment to sales contractions in a negative growth scenario for high‐tech entrepreneurial ventures. Using the lens of transaction cost economics, we move from the centrality of human capital for these firms to theoretically discuss and empirically...

Nascent ventures struggle to connect to providers of resources that are pivotal for their survival and growth, such as capital and talent. Organizational endorsement helps these ventures to increase their visibility and perception of their value in the eyes of the resource providers and...