Entrepreneurial spawning: Experience, education, and exit
Douglas Cumming (),
Uwe Walz () and
Jochen Christian Werth
No 122 [rev.], SAFE Working Paper Series from Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt
We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as a business angel, to found another firm, or to become dependently employed. Our detailed data from CrunchBase indicate that founders are more likely to stick with entrepreneurship as a serial entrepreneur or as an angel investor in cases where the founder had prior experience either in founding other startups or working for a startup, or had a 'jack-of-all-trades' education.
Keywords: venture governance; entrepreneurship; entrepreneurial spawning; angel finance; venture capital; exit (search for similar items in EconPapers)
JEL-codes: G24 G34 L26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-ino and nep-sbm
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Journal Article: Entrepreneurial Spawning: Experience, Education, and Exit (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:safewp:122r
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