Linking International High-Tech New Ventures' Firm Life Cycle to Internationalization, Organizational Learning, and Alliance Networks

Abstract

Drawing from recent research on the international new ventures' (INVs) internal and external characteristics and conditions, this article explores the trajectory of growth for high-tech INVs from firms' life cycle perspective, and examines the divergent features of INVs, including internationalization, organizational learning, and alliance network, at various stages of development. Our findings are based on information from a database covering 226 INV firms funded in the US after 1980. We suggest that INVs' features are different at various stages of their life cycle, and develop dynamically under divergent conditions.