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The Stages Model of High-Tech Venture Founding: Tried but True?

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  • Eric L. Hansen
  • Barbara J. Bird

Abstract

Recent large sample studies of start-up event sequences reported more stochasticity at a population level of analysis than the stages model would have predicted. This study examined a random sample of 18 technology-intensive start-ups in manufacturing and business service industries and found examples of both the stages model and an alternative. Stages model start-ups significantly outperformed the others.

Suggested Citation

  • Eric L. Hansen & Barbara J. Bird, 1998. "The Stages Model of High-Tech Venture Founding: Tried but True?," Entrepreneurship Theory and Practice, , vol. 22(2), pages 111-122, January.
    • Handle: RePEc:sae:entthe:v:22:y:1998:i:2:p:111-122
    DOI: 10.1177/104225879802200208
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    References listed on IDEAS

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    1. Kazanjian, Robert K. & Drazin, Robert, 1990. "A stage-contingent model of design and growth for technology based new ventures," Journal of Business Venturing, Elsevier, vol. 5(3), pages 137-150, May.
    2. Jerome A. Katz, 1993. "The Dynamics of Organizational s Emergence: A Contemporary Group Formation Perspective," Entrepreneurship Theory and Practice, , vol. 17(2), pages 97-101, January.
    3. Reynolds, Paul & Miller, Brenda, 1992. "New firm gestation: Conception, birth, and implications for research," Journal of Business Venturing, Elsevier, vol. 7(5), pages 405-417, September.
    4. Chandler, Gaylen N. & Hanks, Steven H., 1993. "Measuring the performance of emerging businesses: A validation study," Journal of Business Venturing, Elsevier, vol. 8(5), pages 391-408, September.
    5. Roure, Juan B. & Keeley, Robert H., 1990. "Predictors of success in new technology based ventures," Journal of Business Venturing, Elsevier, vol. 5(4), pages 201-220, July.
    6. Barbara J. Bird, 1992. "The Operation of Intentions in Time: The Emergence of the New Venture," Entrepreneurship Theory and Practice, , vol. 17(1), pages 11-20, October.
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    Cited by:

    1. Per Davidsson & Jan Henrik Gruenhagen, 2021. "Fulfilling the Process Promise: A Review and Agenda for New Venture Creation Process Research," Entrepreneurship Theory and Practice, , vol. 45(5), pages 1083-1118, September.

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