A Culture of Ambitious Entrepreneurship

Erik Stam

Working Papers from Utrecht School of Economics

Abstract: In this paper we show that a culture of independent entrepreneurship and a culture of ambitious entrepreneurship are two distinct dimensions of culture in entrepreneurial ecosystems, and are differently related to Venture Capital, growth-oriented entrepreneurship and the prevalence of unicorns in a country. We map the different types of entrepreneurship around the globe, and show the extreme spatial unevenness of entrepreneurial outputs of entrepreneurial ecosystems. We analyze the unicorn production chain from Total Entrepreneurial Activity, to growth-oriented entrepreneurship, and unicorns, and how this connects to culture and capital.

Keywords: entrepreneurial ecosystem; entrepreneurship; growth-oriented entrepreneurship; scale-ups; unicorns; venture capital; culture; ambition (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ent, nep-gro, nep-ino and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:use:tkiwps:2112

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