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Have we oversold the Silicon Valley model of entrepreneurship?

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  • David B. Audretsch

    (Indiana University)

Abstract

The Silicon Valley model of entrepreneurship has captured the imagination of the public, the attention of the public policy community throughout the world who want to emulate it, and the focus of scholars seeking to understand it. Entrepreneurship has enabled the Silicon Valley region to harness the opportunities afforded by globalization rather than succumbing as a victim. The purpose of this paper is to suggest that there are limits to the Silicon Valley model of entrepreneurship in addressing the most compelling contemporary economic and social problems and that a broader, more inclusive understanding of and approach to entrepreneurship might be more useful.

Suggested Citation

  • David B. Audretsch, 2021. "Have we oversold the Silicon Valley model of entrepreneurship?," Small Business Economics, Springer, vol. 56(2), pages 849-856, February.
    • Handle: RePEc:kap:sbusec:v:56:y:2021:i:2:d:10.1007_s11187-019-00272-4
    DOI: 10.1007/s11187-019-00272-4
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    Cited by:

    1. Massimo G. Colombo & Benedetta Montanaro & Silvio Vismara, 2023. "What drives the valuation of entrepreneurial ventures? A map to navigate the literature and research directions," Small Business Economics, Springer, vol. 61(1), pages 59-84, June.
    2. Pedro Torres & Pedro Godinho, 2022. "Levels of necessity of entrepreneurial ecosystems elements," Small Business Economics, Springer, vol. 59(1), pages 29-45, June.
    3. Cristian Negrutiu, 2022. "Determinants of Venture Capital Investments in Tech Start-UPS," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 25(84), pages 31-40, December,.
    4. Hannigan, Timothy R. & Briggs, Anthony R. & Valadao, Rodrigo & Seidel, Marc-David L. & Jennings, P. Devereaux, 2022. "A new tool for policymakers: Mapping cultural possibilities in an emerging AI entrepreneurial ecosystem," Research Policy, Elsevier, vol. 51(9).
    5. David B. Audretsch & Antje Fiedler, 2023. "Does the entrepreneurial state crowd out entrepreneurship?," Small Business Economics, Springer, vol. 60(2), pages 573-589, February.
    6. Lubna Rashid, 2022. "Bursting the bubble: why sustainability initiatives often lack adequate intention to action translation," Small Business Economics, Springer, vol. 59(1), pages 1-9, June.
    7. Sven Wolff & Christina Guenther & Petra Moog & David B. Audretsch, 2023. "The geography of the continuum of entrepreneurship activities—a first glance based on German data," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1243-1273, August.
    8. Glavas, Charmaine & Mortimer, Gary & Ding, Han & Grimmer, Louise & Vorobjovas-Pinta, Oscar & Grimmer, Martin, 2023. "How entrepreneurial behaviors manifest in non-traditional, heterodox contexts: Exploration of the Daigou phenomenon," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    9. Phumlani Nkontwana & Erik Stam, 2023. "Entrepreneurial Ecosystems for the Africa we want," Working Papers 2305, Utrecht School of Economics.
    10. Michela Loi & Alain Fayolle & Marco van Gelderen & Elen Riot & Deema Refai & David Higgins & Radi Haloub & Marcus Alexandre Yshikawa Salusse & Erwan Lamy & Caroline Verzat & Fabrice Cavarretta, 2022. "Entrepreneurship Education at the Crossroads: Challenging Taken-for-Granted Assumptions and Opening New Perspectives," Post-Print hal-03983114, HAL.

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    More about this item

    Keywords

    Entrepreneurship; Silicon Valley; Globalization; Public policy; Innovation;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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