The Stages Model of High-Tech Venture Founding: Tried but True?

Eric L. Hansen and Barbara J. Bird

Entrepreneurship Theory and Practice, 1998, vol. 22, issue 2, 111-122

Abstract: Recent large sample studies of start-up event sequences reported more stochasticity at a population level of analysis than the stages model would have predicted. This study examined a random sample of 18 technology-intensive start-ups in manufacturing and business service industries and found examples of both the stages model and an alternative. Stages model start-ups significantly outperformed the others.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:22:y:1998:i:2:p:111-122

DOI: 10.1177/104225879802200208

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