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Startup success from the founder's perspective

Author

Listed:
  • Enikő Anna Virágh

    (Budapest LAB Office for Entrepreneurship Development, Budapest Business University, Budapest, Hungary)

  • Gigi Tímár

    (Budapest LAB Office for Entrepreneurship Development, Budapest Business University, Budapest, Hungary
    MOME Doctoral School, Hungary)

  • Krisztina Pecze

    (Department of Management and Entrepreneurship, Faculty of Finance and Accountancy, Budapest Business University, Budapest, Hungary)

Abstract

Subjective entrepreneurial success has emerged as an area of academic interest. However, no research study has yet been conducted on startup founders as a specific group of entrepreneurs. Although ‘success’ has been prominently covered in existing startup literature, studies predominantly focus on the possible reasons behind startup success, measuring it solely in economic terms. Drawing upon the qualitative analysis of 22 in-depth interviews with Hungarian startup founders, this paper aims to explore the complex structure of subjective startup success from the founder's perspective along with its gendered patterns. The five dimensions of subjective startup success emerging from the data are similar to those of subjective entrepreneurial success: firm performance, team, personal fulfilment, community impact and personal financial reward. Nevertheless, results reveal that there exists considerable difference between the substance of firm performance dimension in the subjective entrepreneurial success model and in our subjective startup success model. Further, it is found that the interplay among indicators of success could range from synergies to tensions. Finally, personal fulfilment is found to be the only dimension that reflects a marked gender difference in the sample.

Suggested Citation

  • Enikő Anna Virágh & Gigi Tímár & Krisztina Pecze, 2024. "Startup success from the founder's perspective," Society and Economy, Akadémiai Kiadó, Hungary, vol. 46(4), pages 404-422, December.
    • Handle: RePEc:aka:soceco:v:46:y:2024:i:4:p:404-422
    DOI: 10.1556/204.2023.00029
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    Keywords

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    JEL classification:

    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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