“…Studies have attempted to explain the creation of new ventures from an array of theoretical perspectives, such as economics (Brenner, 1987), psychology (Bird, 1992;Katz, 1992), and population ecology (Aldrich, 1990(Aldrich, , 1999, to name just a few. However, despite the growing literature in this area (i.e., Bhave, 1994a,b;Carter, Gartner, & Reynolds, 1996;Kaulio, 2003;Reynolds & Miller, 1992), few studies have explored the venture creation process empirically.…”