Serial Entrepreneurs and Venture Survival: Evidence from U.S. Venture-Capital-Financed Semiconductor Firms

Paik, Yongwook

doi:10.1002/sej.1161

Cited by 74 publications

(47 citation statements)

References 75 publications

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“…These arguments are consistent with the findings from research on serial entrepreneurs (individuals founding multiple start-ups sequentially) which shows that their prior founding experiences gives them more confidence and influence among internal and external stakeholders which enables them to motivate resources in the direction of their vision (Gompers, Kovner, Lerner, & Scharfstein, 2010;Paik, 2014).…”

Section: The Moderating Role Of Parent Founding Experiencesupporting

confidence: 89%

The parent's legacy: Firm founders and technological choice

Sahaym

Howard

Basu

et al. 2016

Journal of Business Research

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Section: The Moderating Role Of Parent Founding Experiencesupporting

confidence: 89%

The parent's legacy: Firm founders and technological choice

Sahaym

Howard

Basu

et al. 2016

Journal of Business Research

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“…As Han et al assert, the ability to successfully innovate in the marketplace thereby affects firm performance (Clarysse et al, 2011;Lin et al, 2006;Paik, 2013;Sarangee and Echambadi, 2013) and differences in firms' marketing capabilities can lead to different performance outcomes. We, therefore, hypothesize: H 9 .…”

Section: Perception Of Availability Of Resources and Economic Sanctiomentioning

confidence: 98%

The impact of resource configuration on Iranian technology venture performance

Chitsaz

Liang

Khoshsoroor

2017

Technological Forecasting and Social Change

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“…Serial entrepreneurship is a common phenomenon, and one of interest to scholars (Eggers and Song 2015, MacMillan 1986, Paik 2014. Serial entrepreneurship is an important form of persistence -the launching of a new venture after the conclusion of a prior one (Gompers et al 2006).…”

Section: Contextmentioning

confidence: 99%

“…Secondly, the paper contributes to the literature by suggesting that systematic differences in entrepreneurial cognition between groups can have large-scale social implications as a result of differential founding rates. We also do so in the context of serial foundings, which are an important type of founding behavior (Gompers et al 2006, Hsu 2007, Paik 2014. Finally, we directly examine mechanisms behind female entrepreneurship rates, where measurement challenges have generally limited inquiries into gender differences in entrepreneurial rates.…”

mentioning

confidence: 99%

“…Since founders have direct information about their entrepreneurial ability because of these first attempts, it also reduces concerns about differential knowledge stocks among nascent entrepreneurs. This population is also appropriate because, though successful serial founders differ from novice founders in their likelihood of future success (Gompers et al 2006, Paik 2014, prior experience does not appear to effect entrepreneurial confidence levels (Ucbasaran et al 2011). Additionally, by using survey data, we are able to more carefully separate differential persistence rates from other explanations of gendered serial founding differences.…”

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confidence: 99%

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Second Thoughts About Second Acts: Gender Differences in Serial Founding Rates

Kuppuswamy

Mollick

2016

SSRN Journal

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Men are far more likely to start new ventures than women. We argue that one explanation of this gap is that women respond differently to signals of past entrepreneurial success due to the "male hubris, female humility" effect. We argue that as a result women are disproportionately less likely to persist in second founding attempts than men when they have succeeded or failed by large margins. Using a data set of serial founders in crowdfunding, we find evidence supporting this prediction. We then turn to a unique survey of founders in crowdfunding in order to examine alternative explanations. We find support for a variety of systematic differences between male and female founders, but the persistence effect remains. While decreased persistence in the face of low quality opportunities benefits women individually, we argue that it disadvantages women as a group, as it leads to 25.3% fewer female-led foundings in our sample than would have occurred if women reacted similarly to men. Abstract: Men are far more likely to start new ventures than women. We argue that one explanation of this gap is that women respond differently to signals of past entrepreneurial success due to the "male hubris, female humility" effect. We argue that as a result women are disproportionately less likely to persist in second founding attempts than men when they have succeeded or failed by large margins. Using a data set of serial founders in crowdfunding, we find evidence supporting this prediction. We then turn to a unique survey of founders in crowdfunding in order to examine alternative explanations. We find support for a variety of systematic differences between male and female founders, but the persistence effect remains. While decreased persistence in the face of low quality opportunities benefits women individually, we argue that it disadvantages women as a group, as it leads to 25.3% fewer female-led foundings in our sample than would have occurred if women reacted similarly to men. * Authorship is alphabetical; both authors contributed equally in developing this paper. The authors would like to thank Adam Cox, Disciplines Management Sciences and Quantitative Methods

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Serial Entrepreneurs and Venture Survival: Evidence from U.S. Venture-Capital-Financed Semiconductor Firms

Cited by 74 publications

References 75 publications

The parent's legacy: Firm founders and technological choice

The parent's legacy: Firm founders and technological choice

The impact of resource configuration on Iranian technology venture performance

Second Thoughts About Second Acts: Gender Differences in Serial Founding Rates

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