Evolving human capital of entrepreneurs in an equity crowdfunding era

JoAnne Yong-Kwan Lim and Lowell W. Busenitz

Journal of Small Business Management, 2020, vol. 58, issue 1, 106-129

Abstract: With the emergence of equity crowdfunding, understanding the human capital characteristics needed for running new ventures and the signals they send to prospective investors is of central importance. In focusing on this gap, our results reveal the importance and detrimental impact of specific human capital characteristics on funding (from startup experience for previous ventures and management experience with small organizations to startup experience with ongoing ventures). Further, these relationships differ by entrepreneurial team type (lone versus teams of two-plus). Interestingly, management experience with large organizations does not impact funding. This study highlights the importance of probing more deeply into human capital for understanding equity crowdfunding success.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://hdl.handle.net/10.1080/00472778.2019.1659674 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:ujbmxx:v:58:y:2020:i:1:p:106-129

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/ujbm20

DOI: 10.1080/00472778.2019.1659674

Access Statistics for this article

Journal of Small Business Management is currently edited by Eric Liguori

More articles in Journal of Small Business Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().