Entrepreneurial Behavior as the Key to Success in Venture and Private Life

Kollmann, Tobias; Hensellek, Simon; Kleine-Stegemann, Karl Lucas; Jung, Philipp Benedikt

doi:10.5465/ambpp.2019.17236abstract

Cited by 13 publications

(9 citation statements)

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“…, 1988). Nevertheless, the sample is comparable to the German start-up landscape as depicted in the German Start-Up Monitor (Kollmann et al. , 2018).…”

Section: Methodsmentioning

confidence: 88%

“…The relatively high drop-out rate during the survey can be attributed to an online conjoint experiment that was part of the questionnaire and which is typically perceived as a demanding task (Reibstein et al, 1988). Nevertheless, the sample is comparable to the German start-up landscape as depicted in the German Start-Up Monitor (Kollmann et al, 2018). The sample of the annual online survey of more than 1500 German start-ups is similar in terms of company age (3.9 years), the number of employees (median 12 employees), industry (40% software industry), investors involved (18% CVC funded), and founder age (average 38 years).…”

Section: Participant Recruitment and Samplementioning

confidence: 99%

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Entrepreneurs' preference for corporate venture capital – The influence of exit strategies and resource requirements

Weniger

Jarchow

Nenadic

2023

JSBED

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PurposeLiterature on entrepreneurial finance has long overcome the view of an investor as a sole provider of financial capital. Entrepreneurs need to consider more aspects when deciding on an investor. Especially the depiction of corporate venture capital (CVC) investors has long highlighted advantages and disadvantages compared to independent VC (IVC) investors. The authors investigate what drives entrepreneurs' preferences for CVC relative to IVC and thereby focus on two key issues in the entrepreneur's consideration – the role of resource requirements and exit strategies.Design/methodology/approachThe data were collected in an online survey that gathered information on several characteristics of entrepreneurs and their ventures. The resulting data set of 105 German entrepreneurs was analyzed using logistic regression and revealed important drivers for entrepreneurs' investor preferences.FindingsThe study’s findings confirm that the venture's resource needs, specifically the need for marketing resources and access to the corporate network, which play a significant role in the decision on whether a CVC or IVC investor is preferred. Moreover, the analysis debunks the hypothesis that entrepreneurs view a CVC investment as the first step toward acquisition. However, those entrepreneurs striving for an IPO are less likely to prefer CVC.Originality/valueThe study expands the literature on CVC attractiveness and specifically considers the entrepreneurs' intentions and needs. The results confirm but also debunk some widespread perceptions about why entrepreneurs choose to pursue financing from a CVC investor.

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“…, 1988). Nevertheless, the sample is comparable to the German start-up landscape as depicted in the German Start-Up Monitor (Kollmann et al. , 2018).…”

Section: Methodsmentioning

confidence: 88%

Section: Participant Recruitment and Samplementioning

confidence: 99%

Entrepreneurs' preference for corporate venture capital – The influence of exit strategies and resource requirements

Weniger

Jarchow

Nenadic

2023

JSBED

View full text Add to dashboard Cite

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“…A startup is defined as a venture which is "young, innovative and growthoriented" (Dee et al, 2015, p. 8). In line with the definition of the German Startups Association our definition includes startups up to 10 years of age (Kollmann et al, 2018). There is currently no robust The yearly questionnaire is structured on the building blocks for startup success proposed by Kollmann (2006), namely, management, market access/network, processes, and product.…”

Section: Sampling Scenario and Questionnaire Characteristicsmentioning

confidence: 99%

Startups as sustainability transformers: A new empirically derived taxonomy and its policy implications

Olteanu

Fichter

2022

Bus Strat Env

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For research as well as policymakers aiming at fostering multilevel transitions toward sustainability, there is a clear need to better understand the transformative role and relevance of startups as newcomers in the market. The existing typologies of sustainable entrepreneurship and green startups have been derived from theory and are conceptual or anecdotal in nature. The lack of validity and generalizability is a major research gap, as the existing typologies do not provide a sufficient basis for policy decisions on how to promote which type of entrepreneurship to effectively support specific transition policies. Against this backdrop, we investigate the research question: Does the transformation orientation differ among startups, and if so, how can they be clustered as basis for sustainability transition policy? Based on a sample of 1674 startups and cluster analysis, the paper makes three important contributions: First, we provide a differentiated perspective and empirical data on the transformation orientation of newcomers. Second, we provide an empirically founded taxonomy of the transformative orientation of startups and contribute to theory‐building of transformative entrepreneurship. Third, we test the assumption inherent in most existing frameworks that there exists a high‐potential subgroup of startups. Our results confirm the existence of a clearly distinguishable subgroup with a particularly high transformation orientation, which we label as “sustainability transformers.” In terms of transition strategies, policymakers can build on our findings to adjust public funds and support programs in favor of specific subgroups such as sustainability transformers.

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“…In the special issue from GEM on social entrepreneurship in 2015 Germany is ranked 21st for its prevalence of nascent social entrepreneurial activity in the cluster of innovation-driven economies (0.8%) and 19th on its prevalence of individuals in operational post-start-up social entrepreneurial activity (1.5%). In contrast to that, 41.9% of start-ups surveyed for the Deutscher Startup Monitor agrees or strongly agree with the statement that their products/services can be assigned to social entrepreneurship [42]. In terms of the environmental conditions the Thomson Reuters Foundation evaluated a set of countries by assessing the environment for social entrepreneurs [43].…”

Section: Social Entrepreneurship In Germanymentioning

confidence: 99%

Social Entrepreneurship on Its Way to Significance: The Case of Germany

et al. 2020

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The environmental context plays a very important role in the success of entrepreneurial behaviour. Governments used this opportunity by introducing specific programmes, but do social entrepreneurs have a comparable chance of getting governmental support as commercial entrepreneurs do in these programmes? We analyze the EXIST Start-up Grant in terms of likelihood for entrepreneurs following economic and social sustainable development goals (SDGs). Our results indicate that there is a decreased probability to get the EXIST Start-up Grant when following social SDGs. We argue that it is about time to introduce specific programmes for social innovation and/or reassess existing programmes in terms of their openness to social entrepreneurs.

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Entrepreneurial Behavior as the Key to Success in Venture and Private Life

Cited by 13 publications

References 0 publications

Entrepreneurs' preference for corporate venture capital – The influence of exit strategies and resource requirements

Entrepreneurs' preference for corporate venture capital – The influence of exit strategies and resource requirements

Startups as sustainability transformers: A new empirically derived taxonomy and its policy implications

Social Entrepreneurship on Its Way to Significance: The Case of Germany

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