Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 507-525 |
| Number of pages | 19 |
| Journal | Financial Review |
| Volume | 51 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1 Nov 2016 |
Keywords
- angel finance
- entrepreneurial spawning
- entrepreneurship
- exit
- G24
- G34
- L26
- venture capital
- Venture governance
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