Entrepreneurial Spawning: Experience, Education, and Exit
- Financial Review, Vol. 51, Issue 4
Jochen Christian Werth
- Reseach Area:
- Corporate Finance
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.
- Link to the publication
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