Leveraging Regional Assets: Insights from High-Growth Companies in Kansas City

Motoyama, Yasuyuki; Danley, Brian; Bell-Masterson, Jordan; Maxwell, Kate; Morelix, Arnobio

doi:10.2139/ssrn.2307905

Cited by 23 publications

(12 citation statements)

References 11 publications

(4 reference statements)

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“…In addition, they highlight that the greater risk-aversion of global investors in times of political uncertainty disadvantages early-stage more than established companies. As access to venture capital is crucial for business success (Motoyama et al., 2013), this finding suggests a negative relationship between a company’s size/age and its exposure to political uncertainty and institutional change. While venture capital is more important for high-growth start-ups in order to scale up, access to loans is more important for nascent entrepreneurs.…”

Section: Resultsmentioning

confidence: 99%

“…bank loans, angel investors, and venture capitalist, as well as related financial services (Isenberg, 2011). While access to loans is seen as being more important in the start-up phase, venture capital is considered more important for scaling up (Motoyama et al, 2013).…”

Section: 1entrepreneurial Ecosystems and Evolutionary Economic Geomentioning

confidence: 99%

“…Finance involves access to funding, such as bank loans, angel investors and venture capital, as well as related financial services (Isenberg, 2011). While access to loans is seen as being more important in the start-up phase, venture capital is considered more important for scaling up (Motoyama et al., 2013). Without sufficient access to loans and venture capital, the EE is likely to stagnate or decline (Feldman et al., 2005).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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The impact of Brexit on London’s entrepreneurial ecosystem: The case of the FinTech industry

Sohns

Wójcik

2020

Environ Plan A

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This paper analyses how different entrepreneurial actors respond to political uncertainty and changing institutional settings. Moreover, it discusses the impact of those actor-level responses on the resilience of entrepreneurial ecosystems (EEs), focusing on how they affect the diversity of and the connectivity among its actors. To address these questions, the paper examines how the decision of the United Kingdom to leave the European Union has influenced the financial technology (FinTech) industry in London, applying data collected from in-depth interviews, covering different groups of stakeholders in London’s FinTech industry, such as angel investors, banks, legal advisers, lobby organizations and private companies. Our results show that political uncertainty and the prospect of institutional change can trigger actor-level responses, which have the potential to modify the diversity as well as the local and non-local connectivity of an EE. Moreover, we demonstrate that the nature of strategic responses of entrepreneurial actors varies significantly, depending on their firms’ characteristics, such as age, size, product specialization and the structure of their egocentric networks. With regard to the latter, our results show that anchor firms play an important role in other firms’ egocentric networks and have the power to shape their strategic responses.

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Section: Resultsmentioning

confidence: 99%

Section: 1entrepreneurial Ecosystems and Evolutionary Economic Geomentioning

confidence: 99%

Section: Theoretical Backgroundmentioning

confidence: 99%

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The impact of Brexit on London’s entrepreneurial ecosystem: The case of the FinTech industry

Sohns

Wójcik

2020

Environ Plan A

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“…Interviewing entrepreneurs may not provide a complete perspective, either, because entrepreneurs may not disclose their most problematic issues. Mentoring is another understudied subject, although some recent research has started to indicate its presence and importance (Motoyama et al 2013).…”

Section: Discussionmentioning

confidence: 99%

Examining the Connections within the Startup Ecosystem: A Case Study of St. Louis

Motoyama

Knowlton

2017

Entrepreneurship Research Journal

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187

145

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We critically examine how an entrepreneurial ecosystem is structured using an exploratory and bottom-up approach. Past studies in this area have discussed the presence of elements in the system or captured the ecosystem as holistically as possible by extending to social, cultural, and institutional dimension. However, we find that such aggregated conceptualizations gave limited understanding to how different elements are connected and constitute the system. Here, we apply a social network approach by analyzing the connections of the ecosystem at multiple layers: (1) among entrepreneurs, (2) among support organizations, and (3) between and among entrepreneurs and key support organizations. Through a series of interviews with entrepreneurs and support organizations in St. Louis, we find that the ways in which support organizations in this region interacted with each other and with entrepreneurs, including explicit cross-organizational collaboration and strategic structuring of resources, significantly impacted the way that entrepreneurs interacted with one another and with organizations, thus deepening our understanding of these connections and identifying intervening points within the ecosystem.

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“…After all, entrepreneurs are individuals. A series of studies (Mayer, 2012;Motoyama, Danley, Bell-Masterson, Maxwell, & Morelix, 2013;Motoyama, Konczal, Bell-Masterson, & Morelix, 2014;Motoyama & Watkins, 2014) have shown the power of personal networks in the ecosystem, both between entrepreneurs themselves and between entrepreneurs and their supporters such as mentors, angel investors, venture capitalists, and brokers or deal makers. Similarly, practitioners (Feld, 2012) have stated the importance of different kinds of meetup events as one way to build and strengthen the networks in the local technological entrepreneurial ecosystem.…”

Section: Context Matters: An Ecosystems Approach To Knowledge Spillovmentioning

confidence: 99%

Knowledge-Based Regional Economic Development: A Synthetic Review of Knowledge Spillovers, Entrepreneurship, and Entrepreneurial Ecosystems

Qian

2018

Economic Development Quarterly

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The geographical nature of knowledge spillovers and entrepreneurship has been well documented in the literature. In most regional or urban studies, these two topics are separately discussed. This research reviews literature at the intersection of knowledge spillovers, entrepreneurship, and regional economic development. The key argument is that entrepreneurship can serve as a mechanism for transmitting knowledge spillovers and accordingly contribute to regional innovation, cluster formation, and economic development. However, the effectiveness of this mechanism depends on various factors in the regional entrepreneurial ecosystem, notably including knowledge bases, absorptive capacity, competition, networks of people, diversity, and culture.

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Leveraging Regional Assets: Insights from High-Growth Companies in Kansas City

Cited by 23 publications

References 11 publications

The impact of Brexit on London’s entrepreneurial ecosystem: The case of the FinTech industry

The impact of Brexit on London’s entrepreneurial ecosystem: The case of the FinTech industry

Examining the Connections within the Startup Ecosystem: A Case Study of St. Louis

Knowledge-Based Regional Economic Development: A Synthetic Review of Knowledge Spillovers, Entrepreneurship, and Entrepreneurial Ecosystems

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