The dynamics of entrepreneurial careers in high-tech ventures: experience, education, and exit

We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to found another firm, to become dependently employed, or to act as a business angel. Our detailed data resting on the CrunchBase online database indicate that founders stick with entrepreneu...

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Bibliographic Details
Main Authors: Cumming, Douglas J. (Author), Walz, Uwe 1962- (Author), Werth, Jochen (Author)
Format: Electronic eBook
Language:English
Published: Frankfurt am Main SAFE, Sustainable Architecture for Finance in Europe 2016
Series:SAFE working paper series No. 122
Links:https://nbn-resolving.org/urn:nbn:de:hebis:30:3-392990
http://d-nb.info/1081982446/34
http://ssrn.com/abstract=2715366
http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/39299
http://hdl.handle.net/10419/129058
https://doi.org/10.2139/ssrn.2715366
Summary:We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to found another firm, to become dependently employed, or to act as a business angel. Our detailed data resting on the CrunchBase online database indicate that founders stick with entrepreneurship as a serial entrepreneur or as an angel investor only in cases where the founder (1) had experience either in founding other startups or working for a startup, (2) had a ‘jack-of-all-trades’ education, or (3) achieved substantial financial success upon a venture capital exit transaction.
Physical Description:1 Online-Ressource (36 Seiten) BV041466385
DOI:10.2139/ssrn.2715366